This article revisits Marshall’s curves of mutual supply and demand from an evolutionary standpoint. After discussing the relationships between the neoclassical approach (in its more general sense) and the Marshallian approach, it is suggested that Marshall’s position was essentially evolutionary and that this methodological stance is clearly evident in his theory on international trade. In particular, Marshall’s treatment of mutual supply and demand curves shows that what he had in mind was actually far removed from the scheme of things in which current academic tradition has incorporated the mutual supply and demand curves.
Towards an Evolutionary Approach to Marshall's Reciprocal Offer and Demand Curves
CALDARI, KATIA;
2006
Abstract
This article revisits Marshall’s curves of mutual supply and demand from an evolutionary standpoint. After discussing the relationships between the neoclassical approach (in its more general sense) and the Marshallian approach, it is suggested that Marshall’s position was essentially evolutionary and that this methodological stance is clearly evident in his theory on international trade. In particular, Marshall’s treatment of mutual supply and demand curves shows that what he had in mind was actually far removed from the scheme of things in which current academic tradition has incorporated the mutual supply and demand curves.File in questo prodotto:
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