Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory

Richard Nelson

Journal of Evolutionary Economics, 2013, vol. 23, issue 1, 17-38

Abstract: Since the time of Marshall economists have used the constructs of demand and supply curves in their explanation and analyses of how markets determine prevailing prices and the allocation of resources among different lines of economic activity. Today almost all expositions and interpretations of price theory take a neoclassical perspective. This paper develops an interpretation of demand and supply curves and their interaction on markets that is more compatible with the general viewpoint of evolutionary economic theory. Copyright Springer-Verlag 2013

Keywords: Demand; Supply; Price; Innovation; A10; O30 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://hdl.handle.net/10.1007/s00191-012-0274-4 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:23:y:2013:i:1:p:17-38

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/191/PS2

DOI: 10.1007/s00191-012-0274-4

Access Statistics for this article

Journal of Evolutionary Economics is currently edited by Uwe Cantner, Elias Dinopoulos, Horst Hanusch and Luigi Orsenigo

More articles in Journal of Evolutionary Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().