Walrasian
(en)
referring to the theories of 19th-century Swiss economist Leon Walras (that relative prices can find a system-wide or general equilibrium)
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walrasian
The idea that those relative prices can find a system-wide equilibrium is the heart of the neoclassical theory of value, a theory often called "Walrasian"
footnote 14
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7 years, 4 months ago