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Subject:
From:
Daniele Besomi <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Thu, 20 Mar 2014 21:04:43 +0100
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In doubt, ask google first. Another few clicks in googlebooks, selecting dates from 1800 to 1880, gives more results going back to the 1820s, including Harriet Martineau (Illustrations of Political Economy), James Mill (Elements; taken up by Malthus), a parliamentary debate in the Hansard, Thomas Perronet Thompson, Scropes' Principles, McCulloch's principles, the 1821 translation of Say, several journal articles, etc.

Have fun.

Daniele Besomi


Il giorno 20-mar-2014, alle ore 18.34, Alain Alcouffe ha scritto:

> 
> two clicks on jstor give me : 
> "The Overproduction Fallacy" 
> T. B. Veblen
> The Quarterly Journal of Economics, Vol. 6, No. 4 (Jul., 1892), pp. 484-492
>  
> Veblen refers to Mill while using aggregate in a macroeconomics context so that there are probably previous occurences ..
>  
> Le 20/03/2014 14:32, Steve Kates a écrit :
>> 
>> The question really is who can take us back before Keynes? So here, from The General Theory page 25:
>> 
>> "Let Z be the aggregate supply price of the output from employing N men, the relationship between Z and N being written Z = φ(N), which can be called the Aggregate Supply Function. Similarly, let D be the proceeds which entrepreneurs expect to receive from the employment of N men, the relationship between D and N being written D = f(N), which can be called the Aggregate Demand Function."
>> 
>> And then there is this from page 32:
>> 
>> "The idea that we can safely neglect the aggregate demand function is fundamental to the Ricardian economics, which underlie what we have been taught for more than a century. Malthus, indeed, had vehemently opposed Ricardoʼs doctrine that it was impossible for effective demand to be deficient; but vainly. For, since Malthus was unable to explain clearly (apart from an appeal to the facts of common observation) how and why effective demand could be deficient or excessive, he failed to furnish an alternative construction; and Ricardo conquered England as completely as the Holy Inquisition conquered Spain. Not only was his theory accepted by the city, by statesmen and by the academic world. But controversy ceased; the other point of view completely disappeared; it ceased to be discussed. The great puzzle of Effective Demand with which Malthus had wrestled vanished from economic literature. You will not find it mentioned even once in the whole works of Marshall, Edgeworth and Professor Pigou, from whose hands the classical theory has received its most mature embodiment. It could only live on furtively, below the surface, in the underworlds of Karl Marx, Silvio Gesell or Major Douglas."
>> 
>> I have seen the phrase aggregate demand used before that but in a kind of aimless way. But I am interested in its use prior to 1936 as well.
>> 
>> 
>> On 20 March 2014 23:52, <[log in to unmask]> wrote:
>> Colleagues:
>> 
>>       Who and when was the terms "aggregate demand" and "aggregate supply"
>> first used?
>> 
>> Robin Neill
>> 
>> 
>> 
>> -- 
>> 
>> Dr Steven Kates
>> Associate Professor
>> School of Economics, Finance
>>     and Marketing
>> RMIT University
>> Building 80 
>> Level 11 / 445 Swanston Street
>> Melbourne Vic 3000
>> 
>> Phone: (03) 9925 5878
>> Mobile: 042 7297 529
> 
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>  	
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