Not So Dull? Simon Gray and Giffen Behaviour
Autor: | Michael V. White |
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Rok vydání: | 2018 |
Předmět: |
060106 history of social sciences
media_common.quotation_subject 05 social sciences Biography 06 humanities and the arts Politics Teleology 0502 economics and business Happiness Economics 0601 history and archaeology Giffen good 050207 economics Positive economics Speculation Gray (horse) Food market media_common |
Zdroj: | History of Economics Review. 70:23-39 |
ISSN: | 1838-6318 1037-0196 |
DOI: | 10.1080/10370196.2019.1571393 |
Popis: | It has been argued that The Happiness of States by Simon Gray contains a precursor analysis of a Giffen good. That reading, however, produces a misleading account of the significance of Gray’s text within a teleological history of Giffen behaviour. After providing some new information for Gray’s biography, this article shows that he was one of the few nineteenth-century British political economists who argued that speculators did not necessarily play a beneficial role in food markets. It is also shown how Gray’s text has been read to install him as a pioneer of the twentieth-century Giffen good. |
Databáze: | OpenAIRE |
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