Abstract
The so-called Walras law tends to be presented as if to confirm the impossibility of imbalances in a single market. The author provides us with an example that shows us where the "law" is off the mark. The article then proposes a number of alternative versions that correct its errors, imposing sufficient conditions on relations of preference to demonstrate the validity of the correct form of the Walras law.
Translated title of the contribution | The incorrect "Walra´s law" and possible correction |
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Original language | Spanish |
Pages (from-to) | 85-88 |
Journal | Apuntes |
Issue number | 38 |
DOIs | |
State | Published - Jan 1996 |
Keywords
- Mercado
- Microeconomía
- Oferta y demanda
- Teoría económica