Table of Contents

Part 1: Object and Divisions of Political and Social Economy Lesson 1: Definitions of Political Economy Lesson 2: Science, Art and Ethics Distinguished Lesson 3: Social Wealth. Three Consequences of Scarcity. Value In Exchange and the Pure Theory of Economics Lesson 4: Industry and Applied Economics. Property and Social Economics Part 2: Theory of Exchange of Two Commodities For Each Other Lesson 5: The Market and Competition. Problem of Exchange of Two Commodities For Each Other Lesson 6: Curves of Effective Offer and Effective Demand. The Establishment of Equality Between Offer and Demand Lesson 7: Discussion of the Solution of the Problem of Exchange of Two Commodities For Each Other Lesson 8: Utility Curves or Want Curves. The Theorem of Maximum Utility of Commodities Lesson 9: Discussion of Demand Curves. General Formula For The Mathematical Solution of the Problem of Exchange of Two Commodities For Each Other Lesson 10: Rareté, The Cause of Value In Exchange Part 3: Theory of Exchange of Several Commodities for One Another Lesson 11: Problem of Exchange of Several Commodities For One Another. The Theorem of General Equilibrium Lesson 12: The General Formula of the Mathematical Solution of the Problem of Exchange of Several Commodities for One Another. The Law of the Establishment of Commodity Prices Lesson 13: The Law of the Variation of Commodity Prices Lesson 14: The Theorem of Equivalent Redistribution of Commodity Holdings. Concerning a Standard of Measure and A Medium of Exchange Lesson 15: Purchase and Sales Curves. Commodity Price Curves Lesson 16: Exposition and Refutation of Adam Smith's and JB Say's Doctrines of the Origin of Value In Exchange Part 4: Theory of Production Lesson 17: Capital and Income. The Three Services Lesson 18: The Elements and Mechanism of Production Lesson 19: The Entrepreneur. Business Accounting and Inventory Lesson 20: Production Equations Lesson 21: Solution of the Equations of Production. The Law of the Establishment of Prices of Products and Services Lesson 22: The Principle of Free Competition. The Law of the Variation of Prices of Products and Services. Purchase and Sales Curves of Services; Price Curves of Products Part 5: Theory of Capital Formation ['Capitalisation'] and Credit Lesson 23: Gross and Net Income. The Rate of Net Income. The Excess of Income Over Consumption Lesson 24: Equations of Capital Formation and Credit Lesson 25: Solution of The Equations of Capital Formation and Credit. The Law of the Establishment of The Rate of Net Income Lesson 26: Theorem of Maximum Utility of New Capital Goods Yielding Consumers' Services Lesson 27: Theorem of Maximum Utility of New Capital Goods Yielding Consumers' Services Lesson 28: The Law of the Variation of the Rate of Net Income. Purchase and Sales Curves of New Capital Goods. The Law of the Establishment and Variation of Prices of Capital Goods Part 6: Theory of Circulation and Money Lesson 29: The Mechanism and Equations of Circulation and Money Lesson 30: Solution of the Equations of Circulation and Money. The Law of the Establishment and Variation of the Price of Money. Price Curve of the Money Commodity Lesson 31: The Establishment of the Value of a Bimetallic Standard Lesson 32: Relative Stability of the Value of the Bimetallic Standard Lesson 33: Fiduciary Money and Payments by Offsets Lesson 34: Foreign Exchange Economics Lesson 35: The Continuous Market Lesson 36: The Marginal Productivity Theorem. Expanding Output. The Law of General Price Movements in a Progressive Economy Lesson 37: Critique of the Physiocratic Doctrine Lesson 38: Exposition and Refutation of the English Theory of the Price of Products…part contents//

About the Author

Léon Walras, W. Jaffé (Translated by)