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Walras and Cournot’s mathematical method: comparison and discord challenge

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  • Ludovic Ragni

Abstract

This article contributes to the explanation of the methodological differences between Cournot and Walras when these authors apply mathematics to economics. Our article explains the reasons behind Cournot’s refusal when Walras required him to write an article, which advocates the application of mathematical method in economics. We indicate then why Cournot remains in favour of mathematical method even after the publication of Principles in 1863. We show then that Cournot refers to specific way of considering mathematics in economics. This way differs from the Walras’ one in several aspects.

Suggested Citation

  • Ludovic Ragni, 2011. "Walras and Cournot’s mathematical method: comparison and discord challenge," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 60, pages 149-178.
    • Handle: RePEc:cpo:journl:y:2011:i:60:p:149-178
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    More about this item

    Keywords

    Walras; general economic equilibrium; walrasian equilibrium; Cournot; methodology; mathematical method; epistemology; history of economic thought.;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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