Economics at your fingertips  

A.-R.-J. Turgot on a General Market: Competition, Price and History

Jose Menudo ()

No 07.07, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: The purpose of this paper is to re-examine the notion of price determination in A.-R.-J. Turgot’s writings. Consideration is given to the evolution of the concept of market during the 18th century. It is argued that Turgot provided a model of multiple exchanges with merchants, called General market, in order to tackle economic problems, as is the market integration, price stability and the hoarding of capital. Further, we demonstrate how a uniform price, which is kept constantly, required that Turgot made use of theoretical tools from other disciplines.

Keywords: Turgot; Equilibrium and Disequilibrium; price formation; Information and Knowledge. (search for similar items in EconPapers)
JEL-codes: B1 B41 D50 D83 L11 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2007-05
New Economics Papers: this item is included in nep-his, nep-hpe, nep-knm and nep-mic
References: View references in EconPapers View complete reference list from CitEc

Downloads: (external link) First version, 2007 (application/pdf)

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:

Access Statistics for this paper

More papers in Working Papers from Universidad Pablo de Olavide, Department of Economics Carretera de Utrera km.1, 41013 Sevilla. Contact information at EDIRC.
Bibliographic data for series maintained by Publicación Digital - UPO ().

Page updated 2024-04-23
Handle: RePEc:pab:wpaper:07.07