ABSTRACT

For so ardent an admirer of the Japanese nation and its culture, it is a particular pleasure to welcome this translation and to express a hope that it may contribute to the vigorous stream of Japanese thought in the field of economic theory and stimulate further advance, at least by provoking criticism. To Walras we owe a concept of the economic system and a theoretical apparatus which for the first time in the history of our science effectively embraced the pure logic of the interdependence between economic quantities. It was not clear to the author at the outset what to the reader will perhaps be obvious at once, namely, that this idea and this aim are exactly the same as the idea and the aim which underly the economic teaching of Karl Marx. This chapter reviews Walras and to the developments in economic doctrine which in him find their ultimate source.