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Indifference, Law Of

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The New Palgrave Dictionary of Economics
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Abstract

A designation applied by Jevons to the following fundamental proposition: ‘In the same open market, at any one moment, there cannot be two prices for the same kind of article.’

This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman

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Bibliography

  • Edgeworth, F.Y. 1881. Mathematical psychics. London: Kegan Paul.

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  • Jevons, W.S. 1875. Money, the mechanism of exchange. London: D. Appleton and co.

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  • Mill, J.S. 1848. Principles of political economy. London: J.W. Parker.

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  • Walker, F.A. 1886. A brief textbook of political economy. London: Macmillan.

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Edgeworth, F. (1987). Indifference, Law Of. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_999-1

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  • DOI: https://doi.org/10.1057/978-1-349-95121-5_999-1

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-95121-5

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