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 |
|---|---|
| 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
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