Lausanne School
Encyclopedia
The Lausanne School of economics, sometimes referred to as the Mathematical School, refers to the neoclassical economics
school of thought surrounding Léon Walras
and Vilfredo Pareto
. The central feature of the Lausanne School was its development of general equilibrium theory. Polish economist Leon Winiarski
is also said to have been a member of the Lausanne School.
Neoclassical economics
Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits...
school of thought surrounding Léon Walras
Léon Walras
Marie-Esprit-Léon Walras was a French mathematical economist associated with the creation of the general equilibrium theory.-Life and career:...
and Vilfredo Pareto
Vilfredo Pareto
Vilfredo Federico Damaso Pareto , born Wilfried Fritz Pareto, was an Italian engineer, sociologist, economist, political scientist and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices....
. The central feature of the Lausanne School was its development of general equilibrium theory. Polish economist Leon Winiarski
Leon Winiarski
Leon Winiarski was a Polish sociologist. Pupil of Vilfredo Pareto and later Professor of Sociology at the University of Geneva.-Further reading:*Ian Steedman, Socialism and Marginalism in Economics, Routledge, 1995, ISBN 0415130794,...
is also said to have been a member of the Lausanne School.
Further reading
- Gherity, James A. (1965). Economic Thought: a Historical Anthology (article: The Lausanne School, pg. 352-). Ransom House.