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Item Details
| Title:
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DEMAND AND EXCHANGE IN ECONOMIC ANALYSIS
A HISTORY FROM COURNOT TO MARSHALL |
| By: |
John Creedy |
| Format: |
Hardback |
| List price:
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£106.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1852785306 |
| ISBN 13: |
9781852785307 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
1 January, 1992 |
| Pages: |
224 |
| Description: |
Examines some major problems in the analysis of demand, taking as its central focus the mathematical treatment of demand conceived as a schedule or functional relationship, then going on to consider some major contributions to the analysis of exchange. |
| Synopsis: |
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 equilibria. 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. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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