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  • Search: isPartOf:"DOI: 10.5209/rev_IJHE.2015.v2.n2.52053"
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Allgemeines Gleichgewicht 1 Barter economy 1 Geldpolitik 1 Geldtheorie 1 General equilibrium 1 Monetary policy 1 Monetary theory 1 Tauschwirtschaft 1 Theory of value 1 Werttheorie 1
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Túñez Area, Narciso 1
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DOI: 10.5209/rev_IJHE.2015.v2.n2.52053 1
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The Validity of Walras’ Law in a Monetary Exchange Economy : Money, Prices and the Integration of Monetary and Value Theory
Túñez Area, Narciso - 2020
Walras' Law is one of the most important tenets of Neo-liberal economics. It is supposed to be a Tautological Identity according to which disequilibrium in market economies has a compensatory nature. Hence, disequilibrium in any market would imply an opposite imbalance somewhere else in the...
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