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Is Market Price Determinate?

F. W. Taussig

The Quarterly Journal of Economics, 1921, vol. 35, issue 3, 394-411

Abstract: The current doctrine stated, 394. — In fact, demand often does not respond to price in the way assumed, 396. — The penumbra of indeterminate prices, 397. — Cases of fixed seasonal supply, 398. — Supplies that can be carried over, 400. — The demand curve not always negatively inclined, 402. — Speculation does not necessarily stabilize prices, 403. — Commodities produced continuously, 403. — Stock exchange dealings, 405. — The traditional grounds for justifying speculation not applicable to stock exchange dealings, 407. — Application of the present reasoning to dumping, 409. — To war prices, 410. — Conclusion, 410.

Date: 1921
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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