Document Type
Article
Publication Date
7-2019
Abstract
For classical economists, markets served the highest value buyers without anyone in the market needing to know that it was possible to write aggregate buyer reservation prices in the form, D = F (p). Cournot, thereby launched neoclassical economics as modelling and thinking of economic action in terms of their outcome effects, rather than their roots in human experience.
Recommended Citation
Smith, V. L., & Inoua, S. M. (2019). Cournot marked the turn from classical to neoclassical thinking. ESI Working Paper 19-14. Retrieved from https://digitalcommons.chapman.edu/esi_working_papers/272/
COinS
Comments
Working Paper 19-14