The Mathematical Theory of Political Economy

@article{ETheMT,
  title={The Mathematical Theory of Political Economy},
  author={F. Y. E.},
  journal={Nature},
  volume={40},
  pages={434-436}
}
AbstractTHE appearance of a new and enlarged edition affords us a wished-for opportunity of calling attention to this original work. Its author is one of the favoured few to whom belongs the honour of having made a discovery in political economy. The title of Ricardo to the theory of rent is not better than the title of Prof. Walras to a theory more comprehensive than that of rent. It is a claim founded on originality rather than priority. Prof. Walras is the last of a small band of original… Expand
Mathematical Analysis as a Source of Mainstream Economic Ideology
The paper contends that neoclassical ideology stems, to a great extend, from mathematical analysis. It is suggested that mainstream economic thought can be comprehensively revisited if both historiesExpand
Metamorphoses: The Concept of Labour in the History of Political Economy
The emergence of an understanding of labour as the basis of value is traced from ancient Greek authors to classical political economy and Karl Marx, and the subsequent eclipse of the theory inExpand
History of the Concept of Value
In this historical review we distinguish between two broad categories of value theories, objective and subjective, which focus respectively on the conditions of production and on the preferences ofExpand
An Application of Integrability and Duality Theory to the Classical Transfer Problem in International Trade
A classic problem in the theory of international trade, going back to John Stuart Mill (1844, pp. 41—3), is that of showing that if one country makes a unilateral transfer of funds to another, notExpand
IN THE 1930 S AND B EYOND
In 1973 Economica devoted its February issue to celebrating Sir John Hicks. On that occasion, Hicks’s famous monograph Value and Capital (1939) was hailed as “the book that transformed economicExpand
Walras and Pareto on the Meaning of the Solution Concept in General Equilibrium Theory
The notion of solution plays a crucial role in the conceptual system of Leon Walras, the founder of General Equilibrium Theory (GET). In this paper, after introducing the two solution conceptsExpand
A Neglected Classic in the Theory of Distribution
In 1873 there appeared in Danish an essay by two Danish mathematicians, Frederik Bing and Julius Petersen. This essay has received almost no attention, yet it appears on close inspection to be aExpand
The History of Economics and the Pre-History of Econophysics: Boltzmann versus the Marginalists
Given the acknowledged influence of classical physics on the development of neoclassical economic theory, the emergence of the ‘new’ subject of econophysics in the mid-1990's poses a methodologicalExpand
Yet another look at Léon Walras's theory of tâtonnement
Starting with a detailed discussion of the theorem of equivalent redistributions, Part 1 examines the central role played by the distributional neutrality of tâtonnement in Walras's pure theory ofExpand
The law of indifference, equilibrium, and equilibration in Jevons, Walras, Edgeworth, and Negishi
In developing their equilibrium theories over the decade 1871-1881, Jevons (1871), Walras (1874-7), and Edgeworth (1881) made use of some version of a Law, called Law of Indifference by Jevons andExpand
...
1
2
3
...