{"title":"Demand and Smith's Price Theory: a Rejoinder","authors":"T. Aspromourgos","doi":"10.1400/99217","DOIUrl":null,"url":null,"abstract":"Mr. Malthus appears to understand, by his short phrase, 'the principle of demand and supply' some thing different from what I should, as a reader of Smith only, have understood it to mean: I should have said, it meant that principle, which tends to bring the respective prices of things into such a state as will equalize, as nearly as is possible, the profits, Sic., obtained in the production of each. But that principle does not then determine, what that state is.","PeriodicalId":38602,"journal":{"name":"History of Economic Ideas","volume":"16 1","pages":"1000-1005"},"PeriodicalIF":0.0000,"publicationDate":"2008-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"History of Economic Ideas","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1400/99217","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Arts and Humanities","Score":null,"Total":0}
引用次数: 1
Abstract
Mr. Malthus appears to understand, by his short phrase, 'the principle of demand and supply' some thing different from what I should, as a reader of Smith only, have understood it to mean: I should have said, it meant that principle, which tends to bring the respective prices of things into such a state as will equalize, as nearly as is possible, the profits, Sic., obtained in the production of each. But that principle does not then determine, what that state is.
期刊介绍:
History of Economic Ideas is a new international series of Quaderni di storia dell''economia politica, a journal founded in 1983 to promote collaboration between scholars who share an historical approach to the major issues, the various "revolutions" which have left their mark on economics and the spread of economic ideas beyond the narrow circle of specialists. History of Economic Ideas rejects the dichotomy between "analysis" and "culture": both aspects are of equal importance for a wider understanding of the subject. In a period such as our own, where paradigms which once seemed unshakeable are now being challenged, a multidisciplinary analysis of the historical development of economics might contribute to shedding light on the issues at the root of current debate. Besides essays and critical surveys, the journal includes archive material and reviews of new books on history of economics. History of Economic Ideas is double-blind peer reviewed.