Note 1127 — Chapter I · : THE HEDONISTS

Note Pareto’s terms of appreciation (Économie pure, 1902, p. 11): “Walras was the first to show the importance of these equations, especially in the case of free competition. This capital discovery entitles him to all the praise that we can give him. The science has developed a good deal since then, and will undoubtedly develop still more in the future, but that will not take away from the importance of Walras’s discovery. Astronomy has progressed very considerably since Newton published his Principia, but far from detracting from the merits of the earlier work it has rather enhanced its reputation.”