What Do Supply and Demand Curves Really Tell Us? Not Very Much

Tags: Praxeology, Prices, Production Theory

10/21/2022 Frank Shostak

It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can’t tell us much, and emphasizing them actually stands in the way of better understanding economic processes.

Original Article: “What Do Supply and Demand Curves Really Tell Us? Not Very Much”

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