gies (see Philip Mirowski, 1989), gave birth to an idiosyncratic conception of equilibrium fashioned more on the mechanical analogy, in the work of Leon Walras, Vilfredo Pareto, Irving Fisher, and Francis Y. Edgeworth (to name a few of the more important figures). In Walras' equilibrium each subsystem (firm

hat marginalists were unaware that some is invested in human capital. At least three of the leading ones understood human capital well. That includes Leon Walras, a third co-founder of the marginalist revolution in 1874. I also mentioned Marshall, who agreed with Farr in disputing Petty, and Irving Fisher. But

l equals. Mill seems a clear second, thanks to his superb paragraph on growth. The candidates for third seem well behind. Maybe Jevons or John Rae or Leon Walras. Time has not been kind to the teachings of Keynes. I would now rank his teacher Alfred Marshall higher. I like Myrdal’s magnificent ex ante - ex pos