Walras' Law
|
Each economic agent determines the amount of consumption to maximize each person's utility under budget constraints, but as long as desires are not saturated, the optimal amount is determined without leaving any budget. When these budget constraints are totaled for all agents, the value of the demand for all goods is equal to the value of the supply. This identity is called Walras' Law. Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information |
|
各経済主体は予算の制約のもとで各人の効用を最大化するように消費量を決定するが，欲望が飽和しないかぎりはすべての予算を余すことなく最適量を決定する。この予算の制約条件をすべての主体について総計すると，すべての財の需要量の価値額は供給量の価値額に等しくなる。この恒等関係をワルラスの法則という。
出典 ブリタニカ国際大百科事典 小項目事典ブリタニカ国際大百科事典 小項目事典について 情報 |
>>: Walras - Marie Esprit Léon Walras
Recommend
Wakayagi Style
A school of Japanese dance. The founder of the sc...
Reprise (English spelling)
This refers to the distinctive whistling sound tha...
Conquistador
Originally meaning "conqueror" in Spanis...
Bruno Taut
German architect. Born in Königsberg (now Kalinin...
Hard hat - kataboshi yugake
...Yugake is a glove-like object worn on the righ...
Melosira solida (English spelling) Melosira solida
…Most of these species are distributed widely aro...
Enhadra grata (English spelling) Enhadra grata
…[Tadashige Nabe]. . … *Some of the terminology e...
Heritage Attribution War - Issankizoku Senso
...war in which France invaded the southern Nethe...
Kajiichigo - Kajiichigo
A semi-evergreen shrub of the Rosaceae family (AP...
Annotated Commentaries on the Four Books (English: Shisho Shichuu)
A commentary on the Four Books. It consists of fou...
mentalite primitive (English spelling)
…In the field of philosophy, he studied Leibniz, ...
Goose neck
〘Noun〙① (The original was long and wavy, resemblin...
Chrysochroa fulgidissima (English spelling) Chrysochroafulgidissima
…A general term for insects in the family Buprest...
Ued Gelato - Ued Gelato
…The area is now a completely dry, rugged mountai...
Aepycerotinae
...All of them are native to Africa, and there ar...