Development of the theory of exchange / John Creedy.

Format:

Book

Author/Creator:

Creedy, John, 1949-

Language:

English

Subjects (All):

Commerce.

Exchange.

Demand (Economic theory).

Economics.

Foreign exchange.

Exchange--History.

Local Subjects:

Foreign exchange.

Exchange--History.

Physical Description:

ix, 186 pages : illustrations ; 24 cm

Place of Publication:

Cheltenham, UK ; Northampton, MA, USA : E. Elgar, [1998]

Contents:

1.1 The Central Role of Exchange 2

II Development of the Theory

2 Non-utility Approaches 11

2.1 Cournot's Trade Model 12

2.1.1 The Basic Framework 12

2.1.2 A Diagrammatic Version 14

2.2 Walras's Extension 16

2.2.1 Linear Demands 18

2.3 The Mill-Whewell Model 19

2.3.1 Mill's 'Great Chapter' 20

2.3.2 Whewell's Mathematical Model 22

2.4 From Mill to Marshall 25

2.4.1 Marshall and Whewell 27

3 Utility Approaches 29

3.1 Jevons's Equations of Exchange 29

3.2 Walras, Utility and Demand 31

3.2.1 Demand and Supply Curves 32

3.2.2 An Example: CES Utility Functions 33

3.2.3 Walras Lost and Found 35

3.3 Edgeworth: The Apogee 36

3.4 Later Expositions 37

3.4.1 Launhardt's Exchange Analysis 38

3.4.2 Utility, Demand and Supply Functions 39

3.4.3 Disequilibrium Trading 40

3.4.4 Individual Gains from Trade 42

3.4.5 Price-taking and Aggregate Utility 44

3.4.6 Wicksell's Examples 47

III Selections from the Texts

4 The Demand Function 53

4.1 Cournot 53

4.2 Whewell 58

5 International Trade Models 61

5.1 Cournot 61

5.2 J.S. Mill 65

5.3 Whewell 74

6 Formal Exchange Models 79

6.1 Cantillon 79

6.2 Turgot 81

6.3 Hearn 86

6.4 Jevons 88

6.5 Walras 103

7 Marshall and Edgeworth 119

7.1 Marshall 119

7.2 Edgeworth 133

8 Later Expositions 149

8.1 Launhardt 149

8.2 Wicksell 159.

Notes:

Includes bibliographical references (pages 177-184) and index.

ISBN:

1858989205

OCLC:

39733006