Elements of Pure Economics was one of the most influential works in the history of economics, and the single most important contribution to the marginal revolut

In his fourth edition of Éléménts d'économie politique pure (1900), León Walras introduced the device of written pledges to eliminate path dependency: sell

Elements of Pure Economics was one of the most influential works in the history of economics, and the single most important contribution to the marginal revolut

The authors examine Walras' general equilibrium models, tracing their development through his major work Elements of Pure Economics, and also placing them in th

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot