His later works include Economics and Engineering and two appendixes to his magnum opus usually titled Studies in Social Economics and Studies in Applied Economics.
His later works include Economics and Engineering and two appendixes to his magnum opus usually titled Studies in Social Economics and Studies in Applied Economics. In these works he argued for a "progressive theory of capital" and tried to account for the inconsistencies of the Quantity Theory with his idea of "desired cash balance." [*] Out of fashion for a time, his ideas were resurrected in The Theory of Social Economy by Gustav Cassel who now shares credit for his namesake model of the demand for factors versus the demand for goods. His American followers included Henry Moore and Irving Fisher, but he is better known for his mentorship of Enrico Barone and the author of Mind and Society. FTP identify this teacher of Vilfredo Pareto, the father of general equilibrium theory and founder of the Lausanne School of Economics.
His later works include Economics and Engineering and two appendixes to his magnum opus usually titled Studies in Social Economics and Studies in Applied Economics.
Leon {Walras}