Pure economics by Pantaleoni, Maffeo

Cover of: Pure economics | Pantaleoni, Maffeo

Published by Macmillan and co., limited in London, New York .

Written in English

Read online


  • Economics,
  • Economics, Mathematical

Edition Notes

Book details

StatementTranslated by T. Boston Bruce
ContributionsBruce, T. Boston
LC ClassificationsHB177 .P18
The Physical Object
Paginationxiii, 315 p.
Number of Pages315
ID Numbers
Open LibraryOL24177134M

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Pure economics. London, Macmillan and co., limited New York, The Macmillian company (OCoLC) Online version: Pantaleoni, Maffeo, Pure economics.

London, Macmillan and co., limited New York, The Macmillian company (OCoLC) Document Type: Book: All Authors / Contributors: Maffeo Pantaleoni; T Boston Bruce.

In using the term true, Walras referred to propositions that necessarily followed from the nature of things. Pure economics then involves pure logic. Applied economics involves examining ways to achieve practical goals and requires the making judgments about whether or not the logic of pure economics was relevant to the real world.

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CORE’s approach to teaching economics is student-centred and motivated by real-world problems and real-world data. Find out more by reading the preface to The Economy.Read more about this on Questia. monopoly (mənōp´əlē), market condition in which there is only one seller of a certain commodity; by virtue of the long-run control over supply, such a seller is able to exert nearly total control over a pure monopoly, the single seller will usually restrict supply to that point on the supply-demand schedule that will maximize profit.Walras’s father, the French economist Auguste Walras, encouraged his son to pursue economics with a particular emphasis on mathematics.

After sampling several careers—he was for a while a student at the school of mines, a journalist, a lecturer, a railway clerk, a bank director, and a published romance novelist—Walras eventually returned to the study and teaching of economics.

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