- 1Walrasian adjective
- Example sentences
- He does not view modern finance as being Walrasian, that is, a theory of mutual determination of markets, real and financial.
- Schumpeter explicitly credits the equilibrium-based Walrasian system as a scientific foundation for economics.
- According to Montes, Smith was not a proponent of a mathematical-deductive method and he was certainly not a proponent of an embryonic form of Walrasian general equilibrium theory.
1940s: named after M. E. Léon Walras (1834–1910), French economist.
Definition of Walras' law in:
- British & World English dictionary
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