Question

explain the walrasian general equilibrium system.what does one learn from it?​

Answer 1

$\large\bold\purple{\underline{Answer :-}}$

Walras developed the general equilibrium theory to solve a much-debated problem in economics. Up to that point, most economic analyses only demonstrated partial equilibrium—that is, the price at which supply equals demand and markets clear—in individual markets. This became known as Walras's Law.

Answer 2

General equilibrium theory, or Walrasian general equilibrium, attempts to explain the functioning of the macroeconomy as a whole, rather than as collections of individual market phenomena. The theory was first developed by the French economist Leon Walras in the late 19th century.