Elements of Pure Economics, or The Theory of Social Wealth - Book by Leon Walras
Léon Walras (1834–1910) was a French economist renowned for his groundbreaking contributions to economic theory. His innovative "tâtonnement" process described how prices adjust iteratively in markets to achieve equilibrium, though it was a theoretical abstraction that did not account for real-world transaction dynamics.Original Language: French
Original Title: Éléments d'Économie Politique Pure, ou Théorie de la richesse sociale
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