"I have now... part of the proofs of your work on the Theorie de la Ricliesse Sociale, which you have been so good as to send me... I cannot delay expressing the pleasure with which I find that we have by independent paths reached conclusions which are nearly if not quite the same. I flatter myself with the hope that... we have both reached the truth, which must be one. ...[A]fter seeing a full statement of your mode of arriving at the equations of exchange, I cannot for a moment entertain the least doubt of the entire independence of your own researches... As to the question of priority of publication, it is... of less importance than that of the truth of the theory... I have always... attached much importance to this mathematical theory of economy, believing it to be the only basis upon which an ultimate reform of the science... can be founded and a solution of many difficult problems effected. I cannot, therefore, help accepting your very kind offer to make known in the Journal des Economistes... that I had already gone over part of the same ground... in a different manner. ...I feel it to be most honourable in you, after seeing merely the brief sketch of my theory as printed in the Statistical Journal for 1866, to acknowledge at once my priority on some points; and I shall be glad to learn your opinion of the much fuller statement of my views contained in the Theory of Political Economy, of which I have lately posted you a copy. ...I shall have much pleasure in doing what I can to make known in England your own excellent statement of the theory of exchange ...I trust that the theory ...will thus become the origin ...between us of many friendly letters."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
William Stanley Jevons, Letter to Walras (May 30, 1874) Letters and Journal of W. Stanley Jevons (1886) p. 305-306.
https://en.wikiquote.org/wiki/L%C3%A9on_Walras
Revision History
No revisions have been submitted for this quote.
Categories
Léon Walras
7 quotes on TrueQuotesView all quotes by Léon Walras →
Related Quotes
"I say that things are useful whenever they can be put to any use at all; whenever they are seen to be capable of sati…"
"It took from a hundred to a hundred and fifty or two hundred years for the astronomy of Kepler to become the astronom…"
"L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simul…"
"The full recognition of the general equilibrium concept can unmistakably be attributed to Walras (1874-1877), althoug…"
"In my opinion, Walras' theory of exchange and production is not the end and aim of his study but an overture to his g…"
"The landmark figure in general equilibrium theory was French economist Léon Walras (1834–1910), whose complex simulta…"
"Although Champollion was an avowed revolutionary and an enthusiastic Bonapartist, one of his earliest discoveries dis…"
"Responsible AI is artificial intelligence that must be designed responsibly by humans in a way that respects human va…"
"Like biologists, who have been concerned about ethics for years and have banned human cloning, for example, IT profes…"
"A few days ago, Google CEO Sundar Pichai shared his concerns about AI being “badly deployed” and said that “generativ…"