Statements (16)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
general equilibrium theory
|
| gptkbp:describes |
relationship between excess demand and supply in all markets
|
| gptkbp:field |
economics
|
| gptkbp:formedBy |
gptkb:Léon_Walras
1874 |
| 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:publishedIn |
gptkb:Éléments_d'économie_politique_pure
|
| gptkbp:relatedTo |
general equilibrium
market clearing |
| gptkbp:state |
the sum of the values of excess demands across all markets must be zero
|
| gptkbp:usedIn |
mathematical economics
|
| gptkbp:bfsParent |
gptkb:Léon_Walras
|
| gptkbp:bfsLayer |
5
|