The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Law of Indifference

  • F. Y. Edgeworth
Reference work entry


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.’


Law of indifference 

JEL Classifications

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  1. Edgeworth, F.Y. 1881. Mathematical psychics. London: Kegan Paul.Google Scholar
  2. Jevons, W.S. 1875. Money and the mechanism of exchange. London: C. Kegan Paul & Co..Google Scholar
  3. Mill, J.S. 1848. Principles of political economy. London: J.W. Parker.Google Scholar
  4. Walker, F.A. 1886. A brief textbook of political economy. London.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • F. Y. Edgeworth
    • 1
  1. 1.