Search Results for giffen

... to establish where and when Sir Robert Giffen argued for the existence of goods whose con- sumption increases at a higher price; it has also been recognised that Simon Gray has a priority in recognising the existence of such goods.’ The purpose of this note is to point out that the first clear...

... of economics . 3d ed. London: Macmillan. Marshall , A. . 1920 . Principles of economics . 8th ed. London: Macmillan. Stigler , G. J. 1947 . Notes on the history of the Giffen Paradox. Journal of Political Economy 55 : ( April ): 152 -56. History...

...Peter C. Dooley Professor Peter C. Dooley, Department of Economics, University of Saskatchewan, Saskatoon, Saskatchewan S7N OWO, Canada. Copyright © 1992 by Duke University Press 1992 Why Did Marshall Introduce the Giffen Paradox? Peter C. Dooley The subsistence theory...

...] 1963. Poole's Index to Periodical Literature: Fifth Supplement (1902–1906) . Reprinted, Gloucester, Mass. : Smith . Fremantle E. R. 1903 . Our Food Supply and Raw Materials in War . Fortnightly Review , o.s. 79 ( February ): 355 – 58 . Giffen R . [1872] 1904 . The Cost...

... of the nineteenth century, a controversy raged throughout the economics profession over the relative merits of bi- metallic and monometallic standard systems. This great bimetal- lic controversy produced a huge crop of 1iterature.l The points at issue, however, #canbe tersely summed up; as Robert Giffen...

.... 1983 . Consumer's Surplus: Marshall and his Critics. Canadian Journal of Economics 16 : 27 -38. Dooley , P. C. 1983 . Consumer's Surplus: Marshall 1985. Giffen's Hint. Australian Economic Papers 24 : 201 -05. Dooley , P. C. 1983 . Consumer's Surplus: Marshall 1992. Why Did...

.... Brown, Vivienne. 1994 . Adam Smith's Discourse: Canonicity, Commerce, and Conscience . London:Routledge. Cairnes, J. E. 1874 . Some Leading Principles of Political Economy Newly Expounded . London:Macmillan. Davies, John E. 1994 . Giffen Goods, the Survival Imperative, and the Irish Potato...

... : Cambridge University Press . Gazeley Ian . 1989 . “ The Cost of Living for Urban Workers in Late Victorian and Edwardian Britain .” Economic History Review 42 , no. 2 : 207 – 21 . Giffen Robert . 1888 . “ The Recent Rate of Material Progress in England .” In Report of the Fifty...

... reciprocity of demand and supply ”-a pre-Hick- sian concept-any impression that there is something “strange or bizarre” about the case is dispelled entirely. “No resort to a Giffen-like paradox is required” (p. 384) .2 This pedagogic point is well taken and illustrated below as a preliminary...

... in the Club than these representative members. Table I demonstrates that the members were most interested in four general topics: Economic Theory; International Trade; Money, Credit, and Banking; and Public Finance. 2. For example, a number of Robert Giffen’s articles appear to be versions of his...

... substantially if soldiers were taken exclu- sively from the artisan group.1° Sir Robert Gifen In the first edition of his Essays in Finance, Sir Robert Giffen attempted to calculate the total cost to the combatants of the Franco- 9.Ibid., pp. 49-54. 10. Ibid., pp. 54-55. 378 HISTORY...

... (1995) Sir Robert Giffen also threw the weight of his authority against the “Great Depression” thesis, reporting that as early as 1877, although the “common impression” was that a depression of unprecedented severity was in progress, “the common impression is wrong, and the facts...

... claimed that Sir Robert Giffen of the Royal Statistical Society could refute every item of Adams’ statistical case for Britain’s decline. This was a fair risumi of Giffen’s position, but exaggerated his optimism. In 1900 he was as concerned as Brooks Adams about the economic threat of continental...

... the slightest disturbance. Gale’s counterexample demonstrated that if any good was ‘Giffen,’ i.e., if azjdp, > 0 for any i, the adjustment process p = kz(p) could be ‘de- stabilized’ for some choice of adjustment speeds k = (k, ,k2, . . . ,kJ. The example by Scarf on the other hand did not require...

... dependent upon P, and P8 only. One wonders if Giffen had this in mind when he stated that “there is absolutely no difference in gold and silver from any other merchan- dise, and the theories which presuppose some special and peculiar difference, because the precious metals are used for money...

..., was not averse on occasion to putting you, gently it might be, in your proper place. It was done with such tact that it ought not to offend. . . . His warm devotion to [H. E. S.] Foxwell, his teacher at University College . . . was of a very comely pattern, meritorious to both”; and of Robert Giffen...

... memorialized Cairnes. Robert Giffen performed the same service for Walter Bagehot, who himself contributed an article on Smith and the celebrated method- ological overview, “The Postulates of English Political Economy.” Addi- tional surveys of the state of the art were offered by Gustav Cohn for Ger- many...

.... Gherity , James A. 1988 . Mill's “Friendly Critic”—Thornton or Whewell? The Manchester School , 61 . 3 ( September ): 282 -85. Henderson , James P. 1973 . William Whewell's mathematical statements of price flexibility, demand elasticity, and the Giffen paradox. The Manchester School 41...

... van Daal, Jan, and The problem of aggregation in Walras’s general Donald A. Walker equilibrium theory 489 van Marrewijk, Charles, Giffen goods and the subsistence level I45 and Peter A. G. van Bergeijk van Witteloostuijn...

..., but figures such as H. Sidgwick, R. H. I. Palgrave, R. Giffen, and other worthies of the British Economic Society, are in. Marshall’s general sympathy with the Oxford tenets defused serious controversy and relegated dis- putation to such minor issues as whether Marshall gave Ricardo too much credit...