ABSTRACT

Walras is in my opinion the greatest of all economists. His system of economic equilibrium, uniting, as it does, the quality of ‘revolutionary’ creativeness with the quality of classic synthesis, is the only work by an economist that will stand comparison with the achievements of theoretical physics. Compared with it, most of the theoretical writings of that period – and beyond – however valuable in themselves and however original subjectively, look like boats beside a liner, like inadequate attempts to catch some particular aspect of Walrasian truth.