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December 16, Convention Parliament

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On December 16, 1689, the Convention Parliament began, not only transfering power from one king to another, but establishing procedures and rights into the British Constitution, both of which were copied in the United States of America a century later, with the Constitution’s Bill of Rights.

December 16 birthdays include that of Léon Walras, French economist and founder of the Lausanne School of Economics, son of Auguste Walras, French economist. Léon Walras’s mathematical approach to the science, and his conception of a general equilibrium, became the dominant approach to economics in the 20th century. Walras was, himself, something like a Georgist free trader. Another, somewhat less important French economist, Fran&ccedois Quesnay, was earlier born on the same December day in 1774.

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