Studies In Applied Economics: Theory Of The Production Of Social Wealth Theory Of The Production Of Social Wealth Etudes D'économie Politique Appliquée. English

L?on Walras (1834-1910) was one of the key thinkers behind the development of marginal utility theory and his introduction of general equilibrium theory is one of the cornerstones of modern economic thought. Now, for the first time, his seminal work ?tudes d'?conomie politique appliqu?e, first published in 1898, is available in English. This work sits aside ?l?m?nts d'?conomie politique pure (1874) and ?tudes d'?conomie sociale (1896) as one of Walras' crowning achievements. Only the former book, in which Walras advocated regulated free competition, has been translated. In ?tudes d'?conomie politique appliqu?e, Walras elaborates on his equilibrium theory and established it as a basis for an optimal economic order. This two-volume translation of a text that still holds vibrant relevance for economists today, stands as a milestone in marginal utility theory, and will be of immense interest to working economists and students of the history of economic thought. Introduction To Studies Of Applied Economics -- Part 1. Money -- Part 2. Monopolies -- Part 3. Agriculture, Industry, Commerce -- Part 4. Credit -- Part 5. Banks -- Part 6. Stock Exchange -- Part 7. (reflection) -- Section A. Introduction -- Unit 1. What Is Translation? -- Unit 2. Translation Strategies -- Unit 3. The Unit Of Translation -- Unit 4. Translation Shifts -- Unit 5. The Analysis Of Meaning -- Unit 6. Dynamic Equivalence And The Receptor Of The Message -- Unit 7. Textual Pragmatics And Equivalence -- Unit 8. Translation And Relevance -- Unit 9. Text Type In Translation -- Unit 10. Text Register In Translation -- Unit 11. Text, Genre And Discourse Shifts In Translation -- Unit 12. Agents Of Power In Translation -- Unit 13. Ideology And Translation -- Unit 14. Translation In The Information Technology Era -- Section B. Extension -- Unit 1. What Is Translation? -- Unit 2. Translation Strategies -- Unit 3. The Unit Of Translation -- Unit 4. Translation Shifts -- Unit 5. The Analysis Of Meaning -- Unit 6. Dynamic Equivalence And The Receptor Of The Message -- Unit 7. Textual Pragmatics And Equivalence -- Unit 8. Translation And Relevance -- Unit 9. Text Type In Translation -- Unit 10. Text Register In Translation -- Unit 11. Text, Genre And Discourse Shifts In Translation -- Unit 12. Agents Of Power In Translation -- Unit 13. Ideology And Translation -- Unit 14. Translation In The Information Technology Era -- Section C. Exploration -- Unit 1. What Is Translation? -- Unit 2. Translation Strategies -- Unit 3. The Unit Of Translation -- Unit 4. Translation Shifts -- Unit 5. The Analysis Of Meaning -- Unit 6. Dynamic Equivalence And The Receptor Of The Message -- Unit 7. Textual Pragmatics And Equivalence -- Unit 8. Translation And Relevance -- Unit 9. Text Type In Translation -- Unit 10. Text Register In Translation -- Unit 11. Text, Genre And Discourse Shifts In Translation -- Unit 12. Agents Of Power In Translation -- Unit 13. Ideology And Translation -- Unit 14. Translation In The Information Technology Era: Developing Words And Cultures -- Glossary. Léon Walras ; Translated And Introduced By Jan Van Daal. Includes Bibliographical References And Indexes. First Published in 2004. Studies in Applied Economics is an English translation of Études d'économie politique appliquée (1898) by Léon Walras (1834–1910). Until now, Éléments d'économie politique pure (1874) was the only book by Walras available in English (Elements of Pure Economics, 1954). It contains the theory of general economic equilibrium under free competition, with the concept of utility maximization as its core. Walras's conclusion was that where free competition is possible, it should be the rule. So, in the present book, he advocates protective regulation, within which economic agents may compete freely. For water, gas or railway transport, for instance, where free competition is impossible, rules are formulated to maintain its advantages. Issues such as money, capital, credit, banking and the stock markets are also dealt with. The book's final chapter recapitulates the themes of Walras's three main works: Éléments, Études d'économie sociale and this volume, Études d'économie politique appliquée. Walras's aim was to provide an economic blueprint for a social ideal where poverty and similar evils could be banished. Léon Walras (1834-1910) was one of the key thinkers behind the development of marginal utility theory and his introduction of general equilibrium theory is one of the cornerstones of modern economic thought. Now, for the first time, his seminal work Études d'économie politique appliquée, first published in 1898, is available in English. This work sits aside Éléménts d'économie politique pure (1874) and Études d'économie sociale (1896) as one of Walras' crowning achievements. Only the former book, in which Walras advocated regulated free competition, has been translated. In Études d'économie p