Well Beyond Lausanne

Despite the twilight of the Ecole de Lausanne after Pareto, direct heirs do exist and the general equilibrium exercised considerable influence on developments in economic theory in the twentieth century, well beyond Lausanne. This undeniable influence, though modest at the beginning, is the visible tip of the Ecole de Lausanne. Although we are unable to account for it here, it should not obscure the fascination that the concept of equilibrium has exerted in subtle ways on many disciplines.