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The Vision of Leon Walras
Book by Great Economic Thinkers
Audio Cassette
First published March 1, 1997
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Displaying 1 - 1 of 1 review
January 29, 2011
Walras developed the theory known as Walras' Law, a principle in general equilibrium theory asserting that when considering any particular market, if all other markets in an economy are in equilibrium, then that specific market must also be in equilibrium. I have no idea what that means.
I was hoping to find a refutation of Keynesian macroeconomic theory, but it seems I'm not smart enough. Ah, well.
I was hoping to find a refutation of Keynesian macroeconomic theory, but it seems I'm not smart enough. Ah, well.
Displaying 1 - 1 of 1 review