ALLAIS (Maurice).
Les théories de l'équilibre économique général et de l'efficacité maximale impasses récentes et nouvelles perspectives.
A major association copy, presented from one Nobel Laureate to another, inscribed by the author to the Nobel Prize winning Cambridge economist Sir Richard Stone in blue ink to the front cover ‘Au Professeuer Stone Cet essai critique des théories contemporaines en lieu … … Maurice Allais’ and with Allais’ printed compliments slip loosely inserted.
The recipient, Sir Richard Stone, was awarded the Nobel Prize in Economic Science for ‘having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical analysis’; meanwhile, Maurice Allais was awarded the 1988 Prize in Economic Sciences ‘for his pioneering contributions to the theory of markets and efficient utilization of resources’. Paul Samuelson subsequently proclaimed that ‘Had Allais’ earliest writings been in English, a generation of economic theory would have taken a different course’.
The present article was originally delivered as a paper at a conference in Lausanne in which Allais forcefully expressed his rejection of the Walrasian general equilibrium model.
