The Contribution of Pellegrino Rossi to the Law of Supply and Demand: an Attempt Interpretation

L’apport de Pellegrino Rossi à la théorie de l’offre et de la demande: une tentative d’interprétation

Ludovic Ragni () and Claire Baldin ()
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Ludovic Ragni: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: This article aims at reinstating Pellegrino Rossi's contribution to the theory of supply and demand. It shows how Rossi developed a theory of original value with sources taken from both traditional English and French thought. This article shows how innovative the mechanisms used by Rossi to explain the theory of supply and demand as compared with the classic theory of free competition. We demonstrate that Rossi can be considered as a precursor of the concept of reservation price which Jules Dupuit developed. The author also seems to be the precursor of many marginalist economists. His analyses brought him to the development of an original look at supply and demand at the beginning of the nineteenth century.

Keywords: Free competition; value theory; theory of supply and demand; marginalim theory; reservation price; Dupuit (Jules); Say (Jean-Baptiste); Smith (Adam); Ricardo (David); Rossi (Pellegrino); Say (Jean-Baptiste); Smith (Adam); Ricardo (David); Libre concurrence; théorie de la valeur; théorie de l’offre et de la demande; marginalisme; prix de réservation; Dupuit (Jules); Rossi (Pellegrino) (search for similar items in EconPapers)
Date: 2015-05-02
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Published in Œconomia - History/Methodology/Philosophy, 2015, ⟨10.4000/oeconomia.1698⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01240364

DOI: 10.4000/oeconomia.1698

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