<i>THE THEORY OF [COMPETITIVE] PRICE</i> ACCORDING TO GEORGE J. STIGLER

Kamerschen, David R.; Sridhar, Deepa J.

doi:10.1017/s105383720909018x

Cited by 3 publications

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“…Data from Google Books Ngram Viewer sourced on 8 December 2019.16 DavidKamerschen and Deepa Sridhar (2009) in an examination of the shifting content of the five versions of Stigler's text support Stigler's claim that the additional chapters in the first edition of Theory of Price were part of the original plan, noting there was no revision to the first two parts taken over from Theory of Competitive Price.…”

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confidence: 99%

Price Theory, Historically Considered: Smith, Ricardo, Marshall and Beyond

Bloch

2020

History of Economics Review

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Terminology is important. Price theory as the name given to the study of the determination of prices in markets reached ascendency around the middle of the last century, having been little used at the start of the century and fading from use by the century's end. Historically considering the theory of price determination from Smith to Ricardo, then to Marshall and beyond reveals not only how changing terminology is related to the changing nature of the theory, but also identifies changes in the purposes the theory is attempting to achieve. Successive formulations embed different conceptions of what is being explained, which are reflected in the name given to the subject matter. The process is far from a straightforward exercise in improving the theory, with losses in what can be explained detracting from the purported gains in universality or precision.

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confidence: 99%