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1. Auguste Walras as a Transmitter of Ideas: From Jean-Baptiste Say to Léon Walras

  • 2025
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Abstract

This chapter examines the pivotal role of Auguste Walras as a transmitter of ideas between Jean-Baptiste Say and Léon Walras, focusing on key economic concepts such as the theory of value, capital, income, and property. It begins by exploring Auguste Walras's critical analysis of Say's theory of value, emphasizing the importance of scarcity over utility. The chapter then delves into the distinction between capital and income, highlighting Auguste Walras's modifications to Say's functional categories and his critique of classical English economists. The role of the entrepreneur is also scrutinized, with Léon Walras introducing a more nuanced understanding of the entrepreneur's functions and remuneration. Finally, the chapter discusses the question of property, contrasting the views of Say, Auguste Walras, and Léon Walras. The conclusion underscores Auguste Walras's significant contributions to economic theory and his role in shaping the ideas of his son, Léon Walras.

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Title
Auguste Walras as a Transmitter of Ideas: From Jean-Baptiste Say to Léon Walras
Author
Jean-Pierre Potier
Copyright Year
2025
DOI
https://doi.org/10.1007/978-3-032-04670-3_1
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