Léon Walras and the English Classical School: Walras’s Production Theory Revisited

Yukihiro Ikeda
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Yukihiro Ikeda: Keio University

Chapter 4 in From Walras to Pareto, 2006, pp 37-49 from Springer

Abstract: Abstract Conventional wisdom holds that the ideas of Walras and the other two stars of the Marginal Revolution, William Stanley Jevons and Carl Menger, are diametrically opposed to the English Classical School. However, the view that their formal models are in all respects anti Classical in nature is debatable. I contend that Walras’s production theory in particular is closely related to the English Classical School.

Keywords: Léon Walras; Adam Smith; Production Theory; Marginal Revolution; English Classical School; Tâtonnement Process; B31 (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/978-0-387-33757-9_4

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