SHOE Archives

Societies for the History of Economics

SHOE@YORKU.CA

Options: Use Forum View

Use Monospaced Font
Show Text Part by Default
Condense Mail Headers

Message: [<< First] [< Prev] [Next >] [Last >>]
Topic: [<< First] [< Prev] [Next >] [Last >>]
Author: [<< First] [< Prev] [Next >] [Last >>]

Print Reply
Sender:
Societies for the History of Economics <[log in to unmask]>
Date:
Thu, 3 Feb 2011 08:56:05 -0500
Reply-To:
Societies for the History of Economics <[log in to unmask]>
Subject:
MIME-Version:
1.0
Content-Transfer-Encoding:
quoted-printable
In-Reply-To:
Content-Type:
text/plain; charset=windows-1252
From:
James Lacey <[log in to unmask]>
Parts/Attachments:
text/plain (65 lines)
Ditto about Marshall's text.

I also explain that, strictly speaking, the demand function of  Q =
f(P) is actually a relation, and thus its mirror is P = f(Q).

Suspecting that math majors may have issues with the reversed axes, I
often point this out, but few students seem that concerned.

[log in to unmask]



On Wed, Feb 2, 2011 at 10:31 PM, Steve Horwitz <[log in to unmask]> wrote:
> Folks,
>
>
>
> It’s been a long time since I looked at this issue, so I’m going to rely on
> the wisdom of this wise crowd.
>
>
>
> What is the most accepted explanation for why we have the independent and
> dependent variables reversed in supply and demand graphs?  It came up in
> class today and I gave “an” answer, but I admitted to my class that I wasn’t
> confident that I was correct.  I also promised them I’d ask all of you.
>
>
>
> So what’s the consensus in HET on this issue?
>
>
>
> Thanks.
>
>
>
> Steve
>
>
>
>
>
> --
>
> Steven Horwitz
>
> Charles A. Dana Professor and Chair
>
> Department of Economics
>
> St. Lawrence University
>
> Canton, NY 13617
>
> Tel (315) 229 5731
>
> Fax (315) 229 5819
>
> Email [log in to unmask]
>
> Web: http://myslu.stlawu.edu/~shorwitz
>
>

ATOM RSS1 RSS2