Some basic economics regularities

The Natural Laws of Economics

by Fred E. Foldvary

A natural law is a proposition that is universal to a subject matter. In science, a natural law consists of propositions describing and explaining observed regularities. There are in economics some basic regularities which have been designated as natural laws of economics.

These include:

1. The law of demand. 

2. The law of supply. 

3. The law of diminishing returns 

4. The law of one price. 

5. Gresham's law. 

6. The law of reflux. 

7. Law of supply and demand. 

8. The law of diminishing marginal utility.

9. The law of unintended consequences. 

10. The law of iterated expectations. 

11. Engel's law. 

12. Wagner's law. 

13. Foldvary's law of inequality. 

14. Say's law of markets. 

15. Law of time preference. 

16. Law of the market. 

17. Pareto's law of distribution. 

18. Law of cost. 

19. Law of comparative advantage. 

20. The law of wages. 

21. The law of rent. 

22. The law of capital goods.

23. Walras' law.

24. The law of economizing. 

25. The law of economic rationality. 

26. The Gaffney effect. 

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