"There are many anticipators of marginal analysis. Three major names were Augustin Cournot (1801-1877), J. H. von Thünen (1783-1850), and H. H. Gossen (1810-1858). Cournot's originality and ingenuity can hardly be exaggerated. In 200 small pages, he described and defined the downward-sloping , completely analyzed the maximization of profit under conditions of monopoly, advanced an ingenious explanation of pricing, proved that equilibrium price occurred when equaled , and exactly defined the market from which we call perfect competition and he called "unlimited competition." And the book went unread."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Catholics from FrancePhilosophers from FranceMathematicians from FranceEconomists from FranceNon-fiction authors from France
Original Language: English
Available Languages (1)
Sources
, A History of Economic Ideas (1959) Part III. Marginalists and Opponents: 10. The New Economics.
https://en.wikiquote.org/wiki/Antoine_Augustin_Cournot
Revision History
No revisions have been submitted for this quote.
Categories
Antoine Augustin Cournot
Antoine Augustin Cournot (28 August 1801 – 31 March 1877) was a French philosopher, mathematician and economist.
9 quotes on TrueQuotesView all quotes by Antoine Augustin Cournot →
Related Quotes
"Those skilled in mathematical analysis know that its object is not simply to calculate numbers, but that it is also e…"
"The employment of mathematical symbols is perfectly natural when the relations between magnitudes are under discussio…"
"Anyone who understands algebraic notation, reads at a glance in an equation results reached arithmetically only with …"
"In the act of exchange, as in the transmission of power by machinery, there is friction to be overcome, losses which …"
"So far we have studies how, for each commodity by itself, the law of demand in connection with the conditions of prod…"
"It took from a hundred to a hundred and fifty or two hundred years for the astronomy of Kepler to become the astronom…"
"Faith makes us live by showing us that life, although it is dependent upon reason, has its well spring and source of …"
"In 1823 he took a license degree in mathematics at Sorbonne University. He then became the private secretary of a fie…"
"Les hommes font les lois. Les femmes font les mœurs."
"The standing armies, while a burden on the people, are inadequate for the achievement of great and decisive results i…"