The incorrect “Walra’s law” and a possible correction

Authors

  • Ramón García-Cobián Jáuregui

DOI:

https://doi.org/10.21678/apuntes.38.437

Keywords:

Economic theory, microeconomics, supply and demand, market

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.

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Published

1996-11-11

How to Cite

García-Cobián Jáuregui, R. (1996). The incorrect “Walra’s law” and a possible correction. Apuntes. Social Sciences Journal, (38), 85–88. https://doi.org/10.21678/apuntes.38.437

Issue

Apuntes 38

Section

Articles

License

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