Complementarity and Demand Theory

From the 1920s to the 1940s

Dados Bibliográficos

ID4297194
AutoresJean-Sébastien Lenfant (0000-0002-1762-9740, Centre Lillois d'Etudes et de Recherches Sociologiques et Economiques, autor correspondente)
Ano2006
Volume38
FascículoSuppl_1
Páginas48-85
Data de publicação2006-12-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoHistory of Political Economy (JOURNAL)
Identificadores do periódicoISSN: 0018-2702 • E-ISSN: 1527-1919
EditoraDuke University Press (PUBLISHER • US)
DOI10.1215/00182702-2005-017
OpenAlexW2043269493
IdiomaEN
Citações recebidas2
Referências citadas46

The history of consumer demand is often presented as the history of the transformation of the simple Marshallian device into a powerful Hicksian representation of demand. Once upon a time, it is said, the Marshallian "law of demand" encountered the principle of ordinalism and was progressively transformed by it into a beautiful theory of demand with all the attributes of modern science. The story may be recounted in many different ways, introducing small variants and a comparative complexity. And in a sense that story would certainly capture much of what happened. But a scholar may also have legitimate reservations about it, because it takes for granted that all the protagonists agreed on the meaning of such a thing as ordinalism-and accordingly that they shared the same view as to what demand theory should be. On the contrary, it may well be more accurate to think that ordinalism was as much a product of the story as it was a principle leading the intellectual change

Citation · Complementarity (molecular biology · Download · Icon · World Wide Web · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · Historical Economic and Social Studies