Maybe Walras was schizophrenic, but maybe, and more likely, he meant that his model of commodity markets presupposed that, and would work well only if, the land market was lubricated by a substantial annual tax based on value, as he urged so vigorously and eloquently in his Theorie d'Economie Sociale. That was certainly the overtly stated view of Henry George, arrived at independently. Jaffe contributed, intentionally or not, to the hijacking of Walras by translating the pure-market-techie stuff long before the land tax work. We should not be blaming Walras entirely for techies who cherry-picked his oeuvres for what they required, and ignored the rest. Likewise we should not blame Henry George for Arthur Laffer, Jr.'s, cherrypicking from his ideas to promote his notoriously overstated Curve. Laffer ignored George's favorable view of taxing land values. Laffer even supported Howard Jarvis's Proposition 13 in California. "Evvaboddy talkin bout Hebbin ain't gwine dere". Mason Gaffney