Supply and Demand

Supply and Demand
by Hubert D. Henderson

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Book Description
This abstract was intended to convey to the ordinary reader and to the uninitiated student some conception of the general principles of thought which economists now apply to economic problems.

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Now the keynote of their practical conclusions was that Governments were doing immense mischief by meddling with a great many matters, which they would have done better to leave alone. In this they were in general agreement with one another; incidentally--let there be no mistake about it--they were right. But, as invariably happens in public controversy, their opinions became crystallized in a compact formula, or cry, with unduly sweeping implications. This was the cry of " laissez-faire."

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