Steve Keen - Demand Quotes

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Thus while diminishing returns do exist when industries are broadly defined, no industry can be considered in isolation from all the others, as supply and demand curve analysis requires.

Steve Keen

Though mainstream economics began by assuming that his hedonistic, individualistic approach to analysing consumer demand was intellectually sound, it ended up proving that it was not.

Steve Keen

Which comes first — price being set by the intersection of supply and demand, or individual firms equating marginal cost to price?

Steve Keen