Marie-Esprit-León Walras

was a french mathematician and economist and became famous as the founding father of neoclassical economics. His central achievemen was to prove that a market economy automatically tends to an equilibrium which is characterized by an optimum in the distribution of goods. He taught at the University of Lausanne and found he so called School of Lausanne.


Central Work:

  • Élements d’économie politique pure ou Theorie de la richesse sociale

The ideas of Marie-Esprit-León Walras influenced the following concepts: