Walras' law noun phr. ['valrɑ:s lɔ:] M20.[M. E. L.
Walras (1834-1910), French economist.]
Economics. The law that the total value of goods and money supplied equals that of goods and money demanded.
■ Walrasian
[val'reɪsɪǝn] adjective of or pertaining to the economic theories of Walras
M20. [TahlilGaran] English Dictionary ▲