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Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory
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Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory
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Journal Article
Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory
2013
Overview
Since the time of Marshall economists have used the constructs of demand and supply curves in their explanation and analyses of how markets determine prevailing prices and the allocation of resources among different lines of economic activity. Today almost all expositions and interpretations of price theory take a neoclassical perspective. This paper develops an interpretation of demand and supply curves and their interaction on markets that is more compatible with the general viewpoint of evolutionary economic theory.
Publisher
Springer-Verlag,Springer,Springer Nature B.V
