Book contents
- Léon Walras, Elements of Theoretical Economics
- Dedication
- Léon Walras, Elements of Theoretical Economics
- Copyright page
- Contents
- Translators’ introduction
- Preface to the second edition
- Part I Theory of Social Wealth Part I Object and divisions of economics
- Part II Theory of exchange
- Lesson 5 The market and competition. The problem of the exchange of two commodities for each other
- Lesson 6 Curves of effective demand and effective supply
- Lesson 7 Discussion of the solution of the problem of exchange of two commodities for each other
- Lesson 8 Utility or want curves. The theorem of maximum satisfaction
- Lesson 9 Discussion of demand curves. General formula for the mathematical solution of the problem of exchange of two commodities for each other
- Lesson 10 Rareté, or the cause of value in exchange
- Lesson 11 The problem of the exchange of several commodities for one another. Theorem of general equilibrium
- Lesson 12 General formula of the mathematical solution of the problem of the exchange of several commodities for one another. Law of the determination of the prices of the commodities
- Lesson 13 Law of the variation of the prices of the commodities
- Lesson 14 Theorem of equivalent redistributions. Choice of a standard of measurement and of a medium of exchange
- Lesson 15 Purchase curves and sales curves. Price curves
- Lesson 16 Exposition and refutation of Adam Smith’s and J.-B. Say’s doctrines of the origin of value in exchange
- Part III Theory of production
- Part IV Theory of capital formation and credit
- Part V Theory of money
- Part VI Price fixing, monopoly, and taxation
- Appendix I Geometrical theory of the determination of prices
- Appendix II Observations on the principle of Messrs. Auspitz’s and Lieben’s theory of prices1
- Appendix III Note on Mr. Wicksteed’s refutation of the English theory of rent1
- Index
Lesson 12 - General formula of the mathematical solution of the problem of the exchange of several commodities for one another. Law of the determination of the prices of the commodities
from Part II - Theory of exchange
Published online by Cambridge University Press: 05 November 2014
- Léon Walras, Elements of Theoretical Economics
- Dedication
- Léon Walras, Elements of Theoretical Economics
- Copyright page
- Contents
- Translators’ introduction
- Preface to the second edition
- Part I Theory of Social Wealth Part I Object and divisions of economics
- Part II Theory of exchange
- Lesson 5 The market and competition. The problem of the exchange of two commodities for each other
- Lesson 6 Curves of effective demand and effective supply
- Lesson 7 Discussion of the solution of the problem of exchange of two commodities for each other
- Lesson 8 Utility or want curves. The theorem of maximum satisfaction
- Lesson 9 Discussion of demand curves. General formula for the mathematical solution of the problem of exchange of two commodities for each other
- Lesson 10 Rareté, or the cause of value in exchange
- Lesson 11 The problem of the exchange of several commodities for one another. Theorem of general equilibrium
- Lesson 12 General formula of the mathematical solution of the problem of the exchange of several commodities for one another. Law of the determination of the prices of the commodities
- Lesson 13 Law of the variation of the prices of the commodities
- Lesson 14 Theorem of equivalent redistributions. Choice of a standard of measurement and of a medium of exchange
- Lesson 15 Purchase curves and sales curves. Price curves
- Lesson 16 Exposition and refutation of Adam Smith’s and J.-B. Say’s doctrines of the origin of value in exchange
- Part III Theory of production
- Part IV Theory of capital formation and credit
- Part V Theory of money
- Part VI Price fixing, monopoly, and taxation
- Appendix I Geometrical theory of the determination of prices
- Appendix II Observations on the principle of Messrs. Auspitz’s and Lieben’s theory of prices1
- Appendix III Note on Mr. Wicksteed’s refutation of the English theory of rent1
- Index
- Type
- Chapter
- Information
- Léon Walras: Elements of Theoretical EconomicsOr, The Theory of Social Wealth, pp. 132 - 144Publisher: Cambridge University PressPrint publication year: 2014