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Offer Curve or Reciprocal Demand Curve

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Abstract

The offer curve made its first appearance in Alfred Marshall’s Pure Theory of Foreign Trade (1879), a privately printed paper consisting of the second and third chapters (chosen by Henry Sidgwick) of a four chapter manuscript. Almost 50 years passed before Marshall’s analysis became generally available under his own name as Appendix J to Money, Credit and Commerce (1923). Thus, it was mainly through the writings of Edgeworth (1894) and others who had read Marshall’s original contribution (see Whitaker 1975, p. 114n), that the offer curve came to be known.

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Gram, H. (2018). Offer Curve or Reciprocal Demand Curve. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1646

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