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

10/21/2022Frank Shostak

Narrator:

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