This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Perspectives: Vol. 18 No. 2 (Spring 2004)
JEP Volume. 18, Issue 2 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter
Full-text Article (Complimentary)
View Comments on This Article (0) | Login to post a comment
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter
Explore:
Retrospectives: How Joan Robinson and B. L. Hallward Named Monopsony
Article Citation
Thornton, Robert J. 2004. "Retrospectives: How Joan Robinson and B. L. Hallward Named Monopsony."
The Journal of Economic Perspectives,
18(2): 257-261.
DOI: 10.1257/0895330041371240
DOI: 10.1257/0895330041371240
Abstract
The term "monopsony" was introduced by Joan Robinson in her 1932 classic The Economics of Imperfect Competition, although she gives credit to classics scholar B.L. Hallward of Cambridge for the actual coining of the term. Even though the term has become widely accepted by economists, its literal meaning is more idiosyncratic than simply "one buyer" of a commodity or service. In this paper I discuss the etymology of the term monopsony and suggest several other words that would seem to be more appropriate for describing this market phenomenon.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Thornton, Robert J.
Comments
View Comments on This Article (0) | Login to post a comment
