Tag Archives | Mathematical School

Economic Ideas of Cournot (With Diagram)

The following points highlight the two main economic ideas of Cournot. The economic ideas are: 1. Demand Curve 2. Cournot's Model of Duopoly. 1. Demand Curve: Cournot introduced demand curve in economics. He defined market, which is often quoted by modern economists, as "Economists understand by the term market, not any particular market place in which things are brought and [...]

By Kirti Shailesh|2016-05-23T06:15:59+05:30May 23, 2016|School of Economics|Comments Off

Economists of Mathematical School of Economics

List of top two economists of Mathematical School:- 1. Augustine Cournot 2. Gossen. Economist # 1. Augustine Cournot (1801-1877): Cournot was the principal founder of the mathematical school. He was a famous French economist who was the first to use Mathematics in this subject. In the opinion of Dr. Marshall, Cournot's genius must give a new mental activity to everyone [...]

By Kirti Shailesh|2016-05-23T06:15:56+05:30May 23, 2016|Articles|Comments Off