rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: From Walras to Pareto
  name:
    name part: Backhaus, Jürgen G.
    role:
      role term: editor.
  name:
    name part: Maks, J. A. Hans.
    role:
      role term: editor.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: xxu
    date issued: 2006
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: VIII, 138 p. 6 illus. online resource.
  abstract: One may have various reasons for compiling a volume of papers devoted to and inspired by Walras and Pareto. Pareto succeeded Walras in 1893 on the chair of Political Economy at the University of Lausanne. The relation between the two was not always without tensions, although Pareto, on the occasion of his 25 years jubilee celebration, at least in part, transferred the honours offered to him to Walras. Indeed, one may say that to a substantial extent important parts of the works of Pareto would not have been possible without the insights of Walras. Both eminent scientists also have in common that the image of their inheritance professed to the common university trained economic scholars ('cutes') is a highly restricted caricature of the fullnes of their essential insights and contributions, and students of sociology or politicology may even finish their academic studies without ever having heard the name of Pareto. What cutes "know" about Walras amounts to the following caricature. Walras developed the general economic equilibrium model, but did not care about uniqueness and stability of an equilibrium. It is a model with exchange and production only and it assumes an auctioneer who announces price vectors to establish the equilibrium. The model presupposes perfect information and is static and certainly not dynamic. Walras had a bias towards free competition and laisser faire and neglected monopoly and taxation. Pareto is known by the cutes as the founding father of welfare economics. At best one is informed the notions of Pareto-optimality conditions and the first and second welfare theorems. But welfare economics is in general disappearing from the university research and teaching programs, replaced as it is by consumer and producer surpluses in the nowadays flourishing partial industrial economics programs. In this thought-provoking collection, ten international scholars offer reflections and new interpretations of Walras’and Pareto’s unique contributions to topi…
  table of contents: Neo-Austrian, Industrial and Ordo-Austrian Competition Policy -- From Walras to Pareto. Introduction -- Leon Walras -- The General Equilibrium Theory in Japanese Economic Thought: From Walras to Morishima -- Gross Substitutes, Walras’ “Rareté” and the Stability of the Middle Class -- Léon Walras and the English Classical School: Walras’s Production Theory Revisited -- Léon Walras’s Economics*: From Pure to Normative? -- What Went Wrong with Walras? The Econometric Transformation Process of Walrasian Economics during the 1920s and 1930s -- Vilfredo Pareto -- Vilfredo Pareto and Public Choice: A Reappraisal -- Economic Equilibria and the Balancing Act between Total and Partial Analysis -- Two Views on Pareto’s Current Relevance*: Warren Samuel’s Foreword to Pareto, Economics and Society.
  note: edited by Jürgen G. Backhaus, J. A. Hans Maks.
  subject:
    topic: Economics
  subject:
    topic: Management science
  subject:
    topic: Economic history
  subject:
    topic: Macroeconomics
  subject:
    topic: Economics
  subject:
    topic: Economics, general
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Methodology/History of Economic Thought
  classification: HB71-74
  classification: 330
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: The European Heritage in Economics and the Social Sciences ; 4
  identifier: 9780387337579
  identifier: http://dx.doi.org/10.1007/978-0-387-33757-9
  record info:
    record creation date: 100301
    record change date: 20151204150814.0
    record identifier: 978-0-387-33757-9