Is “Walras' Law” Really Walras's Original Law?
<p class="first" id="d8065315e65">This article shows that “Walras' Law,” which is one of the crucial foundations of modern economic theory as formulated by Lange, and modified by the modern authors, differs essentially from Walras's own ori...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Pluto Journals
2012-11-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.4.0478 |
| _version_ | 1797834192460972032 |
|---|---|
| author | Ezra Davar |
| author_facet | Ezra Davar |
| author_sort | Ezra Davar |
| collection | DOAJ |
| description | <p class="first" id="d8065315e65">This article shows that “Walras' Law,” which is one of the crucial foundations of
modern economic theory as formulated by Lange, and modified by the modern authors,
differs essentially from Walras's own original laws. These two versions of “Walras
Law” are disconnected from real economics; nevertheless, unfortunately, they replaced
Walras's original laws which are compatible with a hypothetical regime of perfectly
free competition.
</p> |
| first_indexed | 2024-04-09T14:34:34Z |
| format | Article |
| id | doaj.art-3a98347530894f4b958b04742ab258f2 |
| institution | Directory Open Access Journal |
| issn | 2042-891X 2042-8928 |
| language | English |
| last_indexed | 2024-04-09T14:34:34Z |
| publishDate | 2012-11-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj.art-3a98347530894f4b958b04742ab258f22023-05-03T13:52:52ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282012-11-013447850010.13169/worlrevipoliecon.3.4.0478Is “Walras' Law” Really Walras's Original Law?Ezra Davar<p class="first" id="d8065315e65">This article shows that “Walras' Law,” which is one of the crucial foundations of modern economic theory as formulated by Lange, and modified by the modern authors, differs essentially from Walras's own original laws. These two versions of “Walras Law” are disconnected from real economics; nevertheless, unfortunately, they replaced Walras's original laws which are compatible with a hypothetical regime of perfectly free competition. </p>https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.4.0478 |
| spellingShingle | Ezra Davar Is “Walras' Law” Really Walras's Original Law? World Review of Political Economy |
| title | Is “Walras' Law” Really Walras's Original Law? |
| title_full | Is “Walras' Law” Really Walras's Original Law? |
| title_fullStr | Is “Walras' Law” Really Walras's Original Law? |
| title_full_unstemmed | Is “Walras' Law” Really Walras's Original Law? |
| title_short | Is “Walras' Law” Really Walras's Original Law? |
| title_sort | is walras apos law really walras apos s original law |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.3.4.0478 |
| work_keys_str_mv | AT ezradavar iswalrasaposlawreallywalrasapossoriginallaw |