JENKIN, Henry Charles Fleeming.

£875 · Offered by Peter Harrington · No longer available

"The graphic representation of the laws of supply and demand, and their application to labour." First edition of this important paper, in which Jenkin (1833-1885) "analysed fully the determination of market price using diagrams to present the supply and demand functions in the form of intersecting curves" (New Palgrave II, 1007)."Jenkin specifically noted that in the long run cost of production chiefly determines the price of manufactured goods, but stressed 'how much the value of all things depends on simple mental phenomena, and not on laws having mere quantity of materials for their subject'" (ibid.).

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