Demand Theory Reconsidered.

MORGENSTERN Oskar (1948.)

£350.00 

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Original offprint. 8vo. [165]-201, [1] pp. Original printed wrappers (ownership inscription of the economist Robert S. Weinberg to front wrapper, two small punch holes to spine, otherwise a very good, clean copy). Reprinted from the Quarterly Journal of Economics, Vol. LXII, February, 

The first separate appearance of Morgenstern's influential paper on non-additivity in individual demand curves and collective market demand curves, as well as the broader theoretical difficulties posed by game theory to the theory of demands. Morgernstern had initially wished to integrate the article as a note in the Theory of Games and Economic Behaviour (1944), co-authored with mathematician John von Neumann, but they decided to treat the subject in a separate publication.

Stock Code: 233814

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