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Demand and Exchange in Economic Analysis : A History from Cournot to Marshall - John Creedy

Demand and Exchange in Economic Analysis : A History from Cournot to Marshall

Hardcover Published: January 1992
ISBN: 9781852785307
Number Of Pages: 224

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Demand and Exchange in Economic Analysis provides a rare combination of detailed analysis of a central area of economics with the history of economic thought. The first part of the book examines major attempts to treat mathematically the partial equilibrium concept of demand conceived as a schedule. The second part, after generalizing Cournot's model of trade in a single good, traces the general equilibrium analysis of exchange. This adds to the concept of a demand curve the fundamental interpretation of the rate of exchange, or price ratio, in terms of the amount of one good offered in return for a unit of another good. The similarity in the treatments of Mill, Whewell, Marshall and Walras is revealed along with the emphasis on multiple equinatior Edgeworth's grand synthesis and extension of Jevons's approach to exchange is then discussed in detail. The book will be of interest to a wide range of economists interested in placing modern theory in historical perspective.

List of Figures
List of Tables
Introductionp. 1
Notes and further readingp. 3
The first demand schedulep. 7
The elasticity of demandp. 24
Inter-related goodsp. 38
Commodity taxationp. 47
Trade between regionsp. 59
Exchange and reciprocal demandp. 73
Diagrammatic treatment of exchangep. 87
Exchange with price-takingp. 114
Exchange without price-takingp. 141
Competition and efficiencyp. 157
The roles of stocks in supply and demandp. 174
Appendix A: Multiple equilibria in a Walras/Marshall modelp. 188
Appendix B: Barter and Nash equilibriap. 193
Referencesp. 200
Indexp. 211
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781852785307
ISBN-10: 1852785306
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 224
Published: January 1992
Publisher: Edward Elgar Publishing Ltd
Country of Publication: GB
Dimensions (cm): 24.13 x 15.88  x 2.54
Weight (kg): 0.5

Earn 447 Qantas Points
on this Book