A.-A. Cournot et les fondements théoriques de l''économie industrielle: un éclairage historique
Damien Fessler
Revue d'économie industrielle, 2010, vol. n° 132, issue 4, 31-52
Abstract:
This paper examines the contribution of Cournot?s Researches into the mathematical principles of the theory of wealth (1838) to the foundations of industrial economics. It is argued that this contribution shall not be presented as the discovery of a set of theoretical results linked to partial equilibrium price theory. We support the opposite idea that the contribution of the Researches, far from being direct and univocal, proceeds from a long and complex phenomenon of reinterpretation by later economists. More precisely, it is argued that Cournot hadn?t conceived this study of market structures (monopoly, duopoly, and « unlimited competition ») as general scheme of price theory. Through an examination of the historical context of Cournot?s mathematical model, we try to restore its original meaning. We show that this model was originally built in order to solve a specific problem related to measurement of value, in a classical ricardian perspective. It is argued, finally, that Cournot?s contribution to industrial economics was much more methodological than theoretical.
Keywords: B16: History of Economic Thought: Quantitative and Mathematical; D4: Market Structure and Pricing; L0: Industrial Organization; General (search for similar items in EconPapers)
Date: 2010
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