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The LeChatelier–Samuelson Principle Revisited

✍ Scribed by Erik Dietzenbacher

Book ID
125776722
Publisher
Springer Vienna
Year
1992
Tongue
English
Weight
1016 KB
Volume
55
Category
Article
ISSN
1617-7134

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LeChatelier [Comptes Rendus 99 (1884) 786; Ann. Mines 13 (2) (1888) 157] showed that a physical system's ''adjustment'' to a disturbance to its equilibrium tended to be smaller as constraints were added to the adjustment process. Samuelson [Foundations of Economic Analysis, Harvard University Press,