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espace at MMU > Faculties > Faculty of Humanities, Languages and Social Science > Discussion Papers in Economics > The industry supply curve: two different traditions

Please use this identifier to cite or link to this item: http://hdl.handle.net/2173/14671
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Title: The industry supply curve: two different traditions
Authors: Opocher, Arrigo
Steedman, Ian
Issue Date: 2006
URI: http://hdl.handle.net/2173/14671
Abstract: This paper seeks to provide some new insights into the precise nature and the analytical foundations (or lack of them) of the familiar industry supply curve. To this end, we reconsider some fundamental phases of its historical evolution. Two different traditions are distinguished: one consists of the formalisations of Marshall’s theory proposed by Barone and, later, by Pigou, Viner, Harrod and Robinson; the other consists of the models of Hicks and Allen, on the basis of ideas and criticism put forward by other LSE scholars, like Kaldor and Robbins, in the mid-1930s. It is argued that the second tradition did not really remedy the weak aspects of the Marshallian theory of supply.
Type: Working Paper
Language: en
Series/Report no.: Discussion Papers in Economics
Appears in Collections: Discussion Papers in Economics
Department of Economics

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