Gérard Debreu Quotes

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L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market.

Gérard Debreu

Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.

Gérard Debreu

I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.

Gérard Debreu

Gérard Debreu

Gérard Debreu

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Born: July 4, 1921

Died: December 31, 2004 (aged 83)

Bio: Gérard Debreu was a French-born American economist and mathematician. Best known as a professor of economics at the University of California, Berkeley, where he began work in 1962, he won the 1983 Nobel Memorial Prize in Economics.

Gérard Debreu on Wikipedia

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