Quote of the day
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
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