from Part I - Léon Walras's Economic Thought
If a comparison between Marx and Walras may bring to light certain proximities or oppositions, it is clear that the communism of the first bore an importance unlike the liberal socialism of the other and that, in this field of history, they don't belong to the same category. With his academic philosophical culture, a knowledge of history limited to a few great works of vulgarized histories, Walras did not fight on equal terms with Marx. Moreover, while history was central to the first, the essential was evidently elsewhere to the other. However, the pregnancy of the Zeitgeist on these two intellectual heirs of the Enlightenment and Revolution is considerable and makes connections possible.
History is at the centre of the Marxian system. Socialism is made scientific by the laws of history: the historic evolution that results from forces that are developed within all modes of production undergoes a general law, the only universal law. It conveys a univocal succession of modes of production within which categories and theories are put into perspective. Communism is the final stage.
The status of Walrasian history is more difficult to grasp. It is not, to say the least, an important field of study and Walras remains, in his domain, an enlightened amateur. But his role in the Walrasian system is crucial, for his pure political and social economy, this ideal in the matter of interest and justice (an abstraction drawn from reality that is already always there as an Idea), will necessarily become reality.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.