Skip to main content

Wealth Constraint

  • Reference work entry
  • First Online:
The New Palgrave Dictionary of Economics
  • 18 Accesses

Abstract

Consumer theory, and thus general equilibrium theory, sees agents as making transactions subject to a wealth constraint, that is, subject to the value of their purchases not exceeding that of their sales.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 6,499.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 8,499.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Bibliography

  • Clower, R.W. 1967. A reconsideration of the microfoundations of monetary theory. Western Economic Journal 6: 1–8.

    Google Scholar 

  • Debreu, G. 1959. Theory of value. New York: Wiley.

    Google Scholar 

  • Hicks, J.R. 1946. Value and capital, 2nd ed. Oxford: Clarendon Press.

    Google Scholar 

  • Slutsky, E. 1915. Sulla teoria del bilancio del consumatore. Giornale degli Economisti 51: 1–26.

    Google Scholar 

  • Walras, L. 1874–7. Eléments d’économie politique pure. Definitive edn. Lausanne, 1926. Trans. W. Jaffé as Elements of pure economics. London: George Allen & Unwin, 1954.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Copyright information

© 2018 Macmillan Publishers Ltd.

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Allingham, M. (2018). Wealth Constraint. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1886

Download citation

Publish with us

Policies and ethics