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A peculiar archaeology: Searching for Mr Giffen's behaviour

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  • Michael V. White

Abstract

It has been claimed that references to 'Giffen behaviour' constituted a single research project, driven by attempts to establish whether an initial 'conjecture' by Alfred Marshall had empirical validity. There is no stable basis for that claim because Marshall's discussion was contradictory and Robert Giffen rejected a key assumption made by Marshall. By the mid-1920s, discussion of an upward-sloping demand curve attached no particular significance to a Marshallian story. The formulation of the Irish famine Giffen exemplar by P.A. Samuelson illustrates how Giffen behaviour was stabilised as the single possible exception to the law of demand in the 1960s.

Suggested Citation

  • Michael V. White, 2015. "A peculiar archaeology: Searching for Mr Giffen's behaviour," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 22(1), pages 26-50, February.
    • Handle: RePEc:taf:eujhet:v:22:y:2015:i:1:p:26-50
    DOI: 10.1080/09672567.2013.792368
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    References listed on IDEAS

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    1. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    2. Rae, John, 1834. "Statement of Some New Principles on the Subject of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number rae1834.
    3. Peter Groenewegen, 1995. "A SOARING EAGLE: Alfred Marshall 1842–1924," Books, Edward Elgar Publishing, number 193.
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