An Attempt at Interpreting Pellegrino Rossi on the Law of Supply and Demand

L’apport de Pellegrino Rossi à la théorie de l’offre et de la demande: une tentative d’interprétation

Claire Baldin () and Ludovic Ragni ()
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Ludovic Ragni: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: This article aims at reinstating Pellegrino Rossi's contribution to the theory of supply and demand. It shows how Rossi developed an original theory of value with sources taken from both traditional English and French thought. This article shows how innovative the mechanisms used by Rossi to explain the theory of supply and demand as compared with the classic theory of free competition. We show that Rossi can be considered as a precursor of the concept of reservation price which Jules Dupuit developed. The author also seems to be the precursor of many marginalist economists. His analyses brought him to the development of an original look at supply and demand at the beginning of the nineteenth century.

Keywords: Rossi (Pellegrino); Ricardo (David); Smith (Adam); Say (Jean-Baptiste); free competition; value theory; theory of supply and demand; marginalim theory; reservation price; Dupuit (Jules); libre concurrence; héorie de l’offre et de la demande; marginaliprix de réservationsme; théorie de la valeur (search for similar items in EconPapers)
Date: 2015-07-15
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Published in Œconomia - History/Methodology/Philosophy, 2015, Varia, 3 (5), pp.194-227

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01245356

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