Mention509627

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so:text L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market. (en)
so:isPartOf https://en.wikiquote.org/wiki/Kenneth_Arrow
so:description Existence of an equilibrium for a competitive economy." 1954 (en)
so:description 1950s-1960s (en)
qkg:hasContext qkg:Context251251
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