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Notes on Some Theories of Giffen Behaviour

In: New Insights into the Theory of Giffen Goods

Author

Listed:
  • Rein Haagsma

    (Wageningen University)

Abstract

Alfred Marshall’s introduction of the “Giffen paradox” has kept the minds of many economists occupied for more than a century, as has the more general issue of the possibility of an upward sloping segment of the demand curve. In this paper, I will briefly discuss the main historical roots of this literature and investigate a number of explanations of a positively sloping demand curve.

Suggested Citation

  • Rein Haagsma, 2012. "Notes on Some Theories of Giffen Behaviour," Lecture Notes in Economics and Mathematical Systems, in: Wim Heijman & Pierre Mouche (ed.), New Insights into the Theory of Giffen Goods, pages 5-19, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-21777-7_2
    DOI: 10.1007/978-3-642-21777-7_2
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