• Preface; Acknowledgements; Introduction; Part I. The Models of the Mature Phase; Section 1. Background and Preliminaries: 1. Walras's conception of a competitive market economy; 2. The mature models are not a normative scheme; 3. The mature models of the barter of stocks and commodities; 4. Institutions and participants in the model of monetary oral pledges markets; 5. Disequilibrium and equilibrium in the model of monetary oral pledges markets; 6. The structure of the mature nondurable consumer commodities model; 7. The equilibrating processes in the mature nondurable consumer commodities model; Section 2. The Mature Comprehensive Model: 8. The structure of the mature comprehensive model; 9. The equilibrating processes in the mature comprehensive model; 10. Walras and his critics on the maximum utility of new capital goods; 11. The mature models of the money market; 12. Iteration in the mature model of tatonnement; 13. The mature model of the behavior of the entrepreneur; 14. Walras versus Edgeworth on tatonnement processes; Part II. The Models of the Phase of Decline; Section 1. The Written Pledges Models: 15. The structure of the barter model of written pledges markets; 16. Disequilibrium features of the barter model of written pledges markets; 17. The written pledges markets in the last comprehensive model; Section 2. Other Models: 18. The markets for circulating capital and money in the last comprehensive model; 19. Conclusion; References; Collation of editions of the Eléments; Index.

'If prizes are given in the history of economic thought … one ought to go to Donald Walker … Walker's arguments are very convincing … Those who are interested in knowing about the detailed analysis of Walras' own models should read and appreciate Walker's contribution.' The Economic Journal