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What Do Supply and Demand Curves Really Tell Us? Not Very Much

Audio Mises Wire

Tags PraxeologyPricesProduction Theory

10/21/2022Frank Shostak
Narrator: 
Michael Stack

It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can't tell us much, and emphasizing them actually stands in the way of better understanding economic processes.

Original Article: "What Do Supply and Demand Curves Really Tell Us? Not Very Much"

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Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
What Do Supply and Demand Curves Really Tell Us? Not Very Much