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Marshallian Cross: An Alternative Justification and Related Issues

Leonid Grebnev

VOPROSY ECONOMIKI, 2013, vol. 2

Abstract: The paper provides a justification of the laws of supply and demand using the concept of a marginal firm (technology) for the case of perfect competition.­ The ideological factor of excessive attention to the analysis of marginal parameters at the firm level in the introductory economics courses is discussed. The author connects these issues to the ideas of J. B. Clark and gives an alternative treatment of exploitation.

Keywords: teaching economics; technology; J. B. Clark; exploitation. (search for similar items in EconPapers)
JEL-codes: A11 A22 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:2013-02-6

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