Walrasn.

/ˈvalrɑː/

Etymology: < the name of Marie Esprit Léon Walras (1834–1910), French economist.

Walras' law n. the mathematical theory of general economic equilibrium devised by Walras.

ΘΚΠ

society > trade and finance > management of money > management of national resources > [noun] > political economy > specific theories or doctrines

Ricardianism1827

protectionism1846

physiocracy1856

Smithianism1880

quantity theory1885

physiocratism1890

fiscalism1892

tariffism1903

cameralism1909

marginalism1912

rationalism1915

consumerism1921

Kondratieff1935

Keynesian economics1940

Keynesianism1942

Walras' law1942

Chicago school1949

Paretanism1949

neo-Keynesianism1961

Okun's Law1962

structuralism1962

monetarism1967

market fundamentalism1984

1942 O. Lange in O. Lange et al. Stud. Math. Econ. 50 I propose to call this identity Walras' law because Walras was the first to recognize its fundamental importance in the formulation of the mathematical theory of prices.

1964 Q. Jrnl. Econ. 78 485 Walras' Law..states that the value of all goods demanded, including money, is equal to the value of all goods supplied.

1972 T. Sowell Say's Law i. 34 Walras' Law states that the sum of the respective values (quantities times money prices) of goods supplied plus money supplied equals the sum of the respective values (quantities times money prices) of goods demanded plus money demanded.

Derivatives

Walrasian adj.

/vælˈreɪsɪən/ of or pertaining to this theory.

ΘΚΠ

society > trade and finance > management of money > management of national resources > [adjective] > of or relating to specific theories or doctrines

physiocratical1789

Smithian1801

physiocratic1804

protective1822

Ricardian1824

cameralistic1831

Marshallian1894

monetarist1914

Paretian1916

neoclassical1926

marginalist1929

Keynesian1931

underconsumptionist1936

pre-Keynesian1939

Walrasian1942

trickle-down1944

neo-Keynesian1947

Schumpeterian1950

structuralist1962

monetaristic1972

market fundamentalist1997

1942 W. Jaffé in O. Lange et al. Stud. Math. Econ. 37 The affinities..between these older Walrasian theories and their independently discovered Keynesian counterparts.

1963 Canad. Jrnl. Econ. & Polit. Sci. 29 535 (heading) A note on Marshallian versus Walrasian stability conditions.

1972 Times 26 Oct. 8/6 Sir John [Hicks]..moved away from the partial equilibrium approach of Alfred Marshall back towards the older Continental Walrasian ‘general equilibrium’ approach.

1983 Economics Lett. XIII. 49 The possibility of transfer paradoxes in Walrasian stable markets.

This entry has not yet been fully updated (first published 1986; most recently modified version published online September 2019).

单词	walras
释义	Walrasn. /ˈvalrɑː/ Etymology: < the name of Marie Esprit Léon Walras (1834–1910), French economist. Walras' law n. the mathematical theory of general economic equilibrium devised by Walras. ΘΚΠ society > trade and finance > management of money > management of national resources > [noun] > political economy > specific theories or doctrines Ricardianism1827 protectionism1846 physiocracy1856 Smithianism1880 quantity theory1885 physiocratism1890 fiscalism1892 tariffism1903 cameralism1909 marginalism1912 rationalism1915 consumerism1921 Kondratieff1935 Keynesian economics1940 Keynesianism1942 Walras' law1942 Chicago school1949 Paretanism1949 neo-Keynesianism1961 Okun's Law1962 structuralism1962 monetarism1967 market fundamentalism1984 1942 O. Lange in O. Lange et al. Stud. Math. Econ. 50 I propose to call this identity Walras' law because Walras was the first to recognize its fundamental importance in the formulation of the mathematical theory of prices. 1964 Q. Jrnl. Econ. 78 485 Walras' Law..states that the value of all goods demanded, including money, is equal to the value of all goods supplied. 1972 T. Sowell Say's Law i. 34 Walras' Law states that the sum of the respective values (quantities times money prices) of goods supplied plus money supplied equals the sum of the respective values (quantities times money prices) of goods demanded plus money demanded. Derivatives Walrasian adj. /vælˈreɪsɪən/ of or pertaining to this theory. ΘΚΠ society > trade and finance > management of money > management of national resources > [adjective] > of or relating to specific theories or doctrines physiocratical1789 Smithian1801 physiocratic1804 protective1822 Ricardian1824 cameralistic1831 Marshallian1894 monetarist1914 Paretian1916 neoclassical1926 marginalist1929 Keynesian1931 underconsumptionist1936 pre-Keynesian1939 Walrasian1942 trickle-down1944 neo-Keynesian1947 Schumpeterian1950 structuralist1962 monetaristic1972 market fundamentalist1997 1942 W. Jaffé in O. Lange et al. Stud. Math. Econ. 37 The affinities..between these older Walrasian theories and their independently discovered Keynesian counterparts. 1963 Canad. Jrnl. Econ. & Polit. Sci. 29 535 (heading) A note on Marshallian versus Walrasian stability conditions. 1972 Times 26 Oct. 8/6 Sir John [Hicks]..moved away from the partial equilibrium approach of Alfred Marshall back towards the older Continental Walrasian ‘general equilibrium’ approach. 1983 Economics Lett. XIII. 49 The possibility of transfer paradoxes in Walrasian stable markets. This entry has not yet been fully updated (first published 1986; most recently modified version published online September 2019). < n.1942
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