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- falling rate of profit
- fine tuning
- firm, theory of the
- fixed point theorems
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- fundamental disquilibrium
- game theory
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- information theory
- input-output analysis
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- internal and external balance
- invisible hand
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- just price
- Keynesian economics
- Kondratieff cycles
- labor force participation
- labor market discrimination
- labor theory of value
- Laffer curve
- laissez-faire
- large numbers, law of
- Le Chatelier principle
- learning-by-doing
- least cost location theory
- Leontief paradox
- life-cycle hypothesis
- Lindahl equilibrium
- linear programming
- loanable funds theory of the rate of interest
- long wages
- lump-of-labor theory of wages
- Lyapunov's theorem
- machinery question
- Malthusian population theory
- managerial theories of the firm
- marginal efficiency of capital
- marginal productivity theory of distribution
- marginal utility theory
- market socialism
- markets, law of
- Marshall-Lerner principle
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- material balances principle
- measure theory
- mercantilism
- Modigliani-Miller theory of the cost of capital
- monetarism
- monopolistic competition
- monopoly
- monopoly capitalism
- moral hazard
- multiplier
- multiplier-accelerator
- NAIRU
- NARU
- Nash equilibrium
- national income
- nationalization
- natural and warranted rates of growth
- natural monopoly of economics
- natural rate of unemployment
- negative income tax
- neo-classical growth theory
- neo-classical theory
- neo-Ricardian theory
- new class
- new classical macroeconomics
- non-accelerating inflation rate of unemployment
- non-competing groups
- non-nested hypothesis
- non-profit organization
- occupation segregation
- Okun's law
- oligopoly theory
- opportunity cost
- optimal tariff theory
- option pricing theory
- organization theory
- own rate of interest
- paradox of thrift
- paradox of value
- paradox of voting
- Pareto efficiency
- Pareto optimality
- partial equilibrium theory
- peak-load pricing
- perfect competition
- permanent income hypothesis
- Phillips curve
- Physiocracy
- Pigou effect
- political business cycle
- portfolio selection theory
- Prebisch-Singer thesis
- price discrimination
- privatization
- product life-cycle theory
- production, theory of
- profits, theories of
- property
- public choice
- public utility pricing
- purchasing power parity
- quantity theory of money
- queuing theory
- Ramsey pricing
- random walk hypothesis
- rational expectations theory
- rationing
- Rawls theory of justice
- Reaganomics
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- regulation
- regulatory capture
- relative income hypothesis
- rent seeking
- returns to scale
- revealed preference theory
- Ricardian equivalence theorem
- roundabout method of production
- Rybczynski theorem
- satisficing
- Say's law
- Scitovsky paradox
- screening hypothesis
- search theory
- second best, theory of
- secular stagnation theory
- segmented labor market theory
- shadow pricing
- signalling
- Slutsky's theorem
- small is beautiful principle
- social welfare function
- Solow economic growth
- specie-flow mechanism
- St Petersburg paradox
- stationary state
- stock-flow analysis
- structure-conduct-performance theory
- substitution theory
- sunspot theory
- supply-side economics
- surplus value
- syndicalism
- tax incidence
- technological gap theory
- term structure of interest rates
- Thatcherism
- Tiebout hypothesis
- time preference theory of interest
- trade cycle
- trickle-down theory
- turnpike theory
- uncertainty
- underconsumption theory
- unemployment
- variable proportions, law of
- vent for surplus
- Verdoorn's law
- wages fund doctrine
- Wagner's law
- Walras's stability
- Weber's theory of the location of the firm
- Wicksell's theory of capital
- x-efficiency
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demand theory
(19th century- )
First raised as a fundamental principle of microeconomics by French economist Leon Walras (1834-1910), demand theory is the analysis of the relationship between the demand for goods or services and prices or incomes.
Demand theory examines purchasing decisions of consumers and the subsequent impact on prices.
The theory was subsequently developed by English economist Alfred Marshall (1842-1924), Italian Vilfredo Pareto (1848-1923), Soviet Eugen Slutsky (1880-1948), American Kenneth Arrow (1921- ) and the French-born Gerard Debreu (1921- ).
Also see: aggregate demand theory, consumer demand theory, Slutsky's theorem
Source:
L Walras, Elements d'economie politique pure (Lausanne, 1876);
A Marshall, Principles of Economics (London, 1890)
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