Statements (13)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
general equilibrium theory
|
| gptkbp:describes |
relationship between excess demand in markets
|
| https://www.w3.org/2000/01/rdf-schema#label |
Walras' Law
|
| gptkbp:implies |
if all but one market are in equilibrium, the last one must be as well
|
| gptkbp:namedAfter |
gptkb:Léon_Walras
|
| gptkbp:originatedIn |
19th century
|
| gptkbp:publishedIn |
gptkb:Éléments_d'économie_politique_pure
|
| gptkbp:state |
the sum of the values of excess demands across all markets must be zero
|
| gptkbp:usedIn |
macroeconomics
microeconomics |
| gptkbp:bfsParent |
gptkb:General_Equilibrium_Theory
|
| gptkbp:bfsLayer |
7
|