Disproving Horizontal Supply and Demand
ebook ∣ Profit Economics Series, Book 69 · Profit Economics Series
By Hak Choi
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Many economists, e.g., David Ricardo, Harold Hotelling, Arnold Harberger, Hal Vairan, John Keynes, Frank Knight and Joan Robinson, like to use a horizontal supply or demand function to represent constant-cost supply or perfect-competition demand. This book proves that horizontal supply and demand do not exist.
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