Quote of the day
The basis of tragedy is man's helplessness against disease, war and death; the basis of comedy is man's helplessness against vanity (the vanity of love, greed, lust, power).
Léon Walras
Born: December 16, 1834
Died: January 5, 1910 (aged 75)
Bio: Marie-Esprit-Léon Walras was a French mathematical economist. He formulated the marginal theory of value and pioneered the development of general equilibrium theory.
Known for:
- Studies in Applied Economics
- Studies in Social Economics