The industry supply curve: two different traditions

Opocher, Arrigo and Steedman, Ian (2006) The industry supply curve: two different traditions. Working Paper. UNSPECIFIED. (Unpublished)

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Abstract

This paper seeks to provide some new insights into the precise nature and the analytical foundations (or lack of them) of the familiar industry supply curve. To this end, we reconsider some fundamental phases of its historical evolution. Two different traditions are distinguished: one consists of the formalisations of Marshall’s theory proposed by Barone and, later, by Pigou, Viner, Harrod and Robinson; the other consists of the models of Hicks and Allen, on the basis of ideas and criticism put forward by other LSE scholars, like Kaldor and Robbins, in the mid-1930s. It is argued that the second tradition did not really remedy the weak aspects of the Marshallian theory of supply.

Item Type: Monograph (Working Paper)
Additional Information: Series: Discussion Papers in Economics.
Divisions: Faculties > Faculty of Humanities, Languages and Social Science > Discussion Papers in Economics
Faculties > Faculty of Humanities, Languages and Social Science > Department of Economics
Date Deposited: 22 Nov 2007 13:49
Last Modified: 20 Jul 2016 01:15
URI: http://e-space.mmu.ac.uk/id/eprint/14671

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