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Date: | Wed Dec 12 08:30:03 2007 |
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Looks like there's a pretty exact answer here:
Joan Robinson and B. L. Hallward
Retrospectives: How Joan Robinson and B. L. Hallward Named Monopsony
Robert J. Thornton
The Journal of Economic Perspectives, Vol. 18, No. 2. (Spring,
2004), pp. 257-261.
JSTOR Stable URL:
http://links.jstor.org/sici?sici=0895-3309%28200421%2918%3A2%3C257%3ARHJRAB%3E2.0.CO%3B2-G
Also, see
http://www-personal.umich.edu/~jdinardo/def.html which says:
"From the introduction to Monopsony in Motion by Alan Manning
The Oxford English Dictionary credits the word monopsony to Joan
Robinson (1933) though she credits it to B.L. Hallward a classical
scholar at Cambridge who though born in 1901 is still alive at the
time of writing. The suffix is derived from OPSONEN which means to
make your purchases often of dried fish and which is found in
Aristophanes, the Wasps (twice), Plutarch and the New Testament. The
natural ONEOMAI (buy) was rejected as it does not sound good with the
MONO prefix (personal communication to David Card). The invention of
the word oligopsony is credited to Walker (1943) who introduced it
with the curious phrase ``it is surely only a matter of time before
market situation number 23 is christened oligopsony", the time
referred to being the time necessary for him to finish writing the sentence. "
OK, I guess I can't stall anymore and must get back to grading. Sigh.
Humberto Barreto
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