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Market contracts in the age of Hume
- Source :
- History of Political Economy. Annual, 1994, Vol. 26 Issue SUPP, p117, 18 p.
- Publication Year :
- 1994
-
Abstract
- Higgling is a temporary, irrelevant effect in the transition to a market economy, and this is reflected in the economic writings of David Hume. Higgling originated as the process of bargaining in a marketplace, and some economists have expanded it to cover modern institutional systems. However, Hume shows markets involve stable values such as the keeping of promises. Market contracts are a significant aspect of Hume's work, which scholars have overlooked.
- Subjects :
- Economics -- History
Markets (Economics) -- Analysis
Economics
History
Subjects
Details
- ISSN :
- 00182702
- Volume :
- 26
- Issue :
- SUPP
- Database :
- Gale General OneFile
- Journal :
- History of Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.16606599