The Marshallian demand curve revisited.
Did Marshall assume a compensated or an uncompensated demand curve? I argue that it was neither: I show that the Marshallian demand curve is a willingness-to-pay curve derived under the assumption that all prices and income are held constant. This curve approximates both compensated and uncompensate...
| Publicado en: | European Journal of the History of Economic Thought Vol. 27; no. 1; pp. 108 - 131 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Feb2020
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| Acceso en línea: | Ver este registro en EBSCOhost |