IDEAS home Printed from https://ideas.repec.org/p/pab/wpaper/07.07.html
   My bibliography  Save this paper

A.-R.-J. Turgot on a General Market: Competition, Price and History

Author

Listed:
  • José M. Menudo

    () (Department of Economics, Universidad Pablo de Olavide)

Abstract

The purpose of this paper is to re-examine the notion of price determination in A.-R.-J. Turgot’s writings. Consideration is given to the evolution of the concept of market during the 18th century. It is argued that Turgot provided a model of multiple exchanges with merchants, called General market, in order to tackle economic problems, as is the market integration, price stability and the hoarding of capital. Further, we demonstrate how a uniform price, which is kept constantly, required that Turgot made use of theoretical tools from other disciplines.

Suggested Citation

  • José M. Menudo, 2007. "A.-R.-J. Turgot on a General Market: Competition, Price and History," Working Papers 07.07, Universidad Pablo de Olavide, Department of Economics.
  • Handle: RePEc:pab:wpaper:07.07
    as

    Download full text from publisher

    File URL: http://www.upo.es/serv/bib/wps/econ0707.pdf
    File Function: First version, 2007
    Download Restriction: no

    References listed on IDEAS

    as
    1. Guido Erreygers, 1990. "Turgot et le fondement subjectif de la valeur," Cahiers d'Économie Politique, Programme National Persée, pages 149-169.
    2. Brian J. Loasby, 2001. "Time, knowledge and evolutionary dynamics: why connections matter," Journal of Evolutionary Economics, Springer, vol. 11(4), pages 393-412.
    3. N/A, 1985. "Asia," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 80-87, January.
    4. Brewer, Anthony A, 1987. "Turgot: Founder of Classical Economics," Economica, London School of Economics and Political Science, vol. 54(216), pages 417-428, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Turgot; Equilibrium and Disequilibrium; price formation; Information and Knowledge.;

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pab:wpaper:07.07. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Publicación Digital - UPO). General contact details of provider: http://edirc.repec.org/data/deupoes.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.