Leon Walras, the sun of one of the planetary systems in the universe of economics, developed a general equilibrium model of capital formation and credit, after he had explored models of exchange and production. But he was primarily concerned with momentary equilibrium to be established in a system with given stocks of capital goods that are shared among a given number of individuals.
Japanese economist (1923-2004)
Michio Morishima (森嶋 通夫, July 18, 1923 – July 13, 2004) was a Japanese heterodox economist and public intellectual who was the Sir John Hicks Professor of Economics at the London School of Economics from 1970–88. He was also professor at Osaka University and member of the British Academy. In 1976 he won the Order of Culture (文化勲章, Bunka-kunshō).
Bio from: Wikiquote (CC BY-SA 4.0)
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