caa a22 4500 388040793 CHVBK 20180307125020.0 cr unu---uuuuu 161130e199809 xx s 000 0 eng 10.1017/S1053837200002182 doi S1053837200002182 pii (NATIONALLICENCE)cambridge-10.1017/S1053837200002182 White Michael V. A Comment on Ekelund on Thornton [Elektronische Daten] [Michael V. White] In a recent article in this Journal, Robert Ekelund (1997) has renewed his criticism of the discussion of price formation in William Thornton's On Labour (1869) and criticized the work of "modern supporters” of Thornton, such as Kenneth Dennis, Philip Mirowski, Takashi Negishi and myself. While that work differs in the precise significance attributed to On Labour, there is agreement that Thornton's critique of contemporary explanations of "the laws of supply and demand” and/or his discussion of price formation do not warrant the negative and dismissive treatment they have often received from historians of economics. Ekelund disagrees. Based on "preposterous notions,” Thornton's work was "worse than nonsense” and, as he did not understand contemporary explanations of supply and demand, he should "receive a grade of ‘F'; (with strongly worded advice to return to the pursuit of poetry and sociology)” (Ekelund, 1997, pp. 11, 20, 21). Five examples are given below showing that this evaluation of On Labour depends on misinterpretation of the meaning, context and significance of Thornton's analysis. Copyright © Cambridge University Press 1998 Journal of the History of Economic Thought Cambridge University Press 20/3(1998-09), 371-374 1053-8372 20:3<371 1998 20 HET https://doi.org/10.1017/S1053837200002182 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S1053837200002182 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- White Michael V. NATIONALLICENCE 773 0- Journal of the History of Economic Thought Cambridge University Press 20/3(1998-09), 371-374 1053-8372 20:3<371 1998 20 HET CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge