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
- Lesson 1 Adam Smith’s and J.-B. Say’s definitions
- Lesson 2 Distinction between science, the arts, and ethics
- Lesson 3 Social wealth. Triple consequences of scarcity. The fact of value in exchange and of economic theory
- Lesson 4 The fact of industry and applied economics. The fact of property and social economics
- Part II Theory of 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 3 - Social wealth. Triple consequences of scarcity. The fact of value in exchange and of economic theory
from Part I - Theory of Social Wealth Part I Object and divisions of economics
Published online by Cambridge University Press: 05 November 2014
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
- Lesson 1 Adam Smith’s and J.-B. Say’s definitions
- Lesson 2 Distinction between science, the arts, and ethics
- Lesson 3 Social wealth. Triple consequences of scarcity. The fact of value in exchange and of economic theory
- Lesson 4 The fact of industry and applied economics. The fact of property and social economics
- Part II Theory of 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. 20 - 28Publisher: Cambridge University PressPrint publication year: 2014