Quote of the day
The Constitution was the expression not only of a political faith, but also of political fears. It was wrought both as the organ of the national interest and as the bulwark of certain individual and local rights.
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