 | Gustavo Faigenbaum - Psychology - 2005 - 286 pages
...distortions, prices are supposed to eventually return to their natural and objective gravitational center. "It is the cost of production which must ultimately...regulate the price of commodities, and not, as has often been said, the proportion between the supply and demand" (Ricardo, 1973, p. 260). Some of the... | |
 | Henry Dunning Macleod - Economics - 1886 - 402 pages
...the Price of Commodities, and not, as has been often said, the proportion between the Supply and the Demand : the proportion between Supply and Demand...greater or less abundance, according as the Demand may be increased or diminished ; but this effect will only be of temporary duration. . . . ' The opinion... | |
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The chapter opens by reaffirming that it is the cost of production which must ultimately regulate the price of commodities, and not, as has been often said, the proportion between the supply and demand: the proportion between supply and demand may, indeed,... 
