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Supply and Demand

By Sir Hubert Douglas Henderson
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Economics

About This Book

An accessible introduction to economic reasoning that explains supply and demand as a method rather than a settled doctrine and sets out three core laws: excess demand tends to raise price, price changes alter demand and supply, and price moves toward the level where demand equals supply. It analyzes how price adjustments restore equilibrium, extends the principles to capital, labor, and services, and treats marginal concepts and relevant qualifications. Aimed at non-specialists, the text emphasizes clear exposition over technical generality and shows how these elementary laws can be applied to everyday economic problems.

About the Author

Henderson, Sir Hubert Douglas portrait

Sir Hubert Douglas Henderson

Sir Hubert Douglas Henderson was a notable figure in the field of economics, recognized for his contributions to the understanding of market dynamics. His key work, "Supply and Demand," explores the fundamental principles that govern economic interactions and the relationship between consumer behavior and market forces. Henderson's insights have had a lasting impact on economic theory, making him a significant figure in the study of economics during his time. His analytical approach and clear exposition continue to resonate with students and scholars alike.

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