Chapter

The Pricing of Manufactures

John Hicks

in A Market Theory of Money

Published in print August 1989 | ISBN: 9780198287247
Published online November 2003 | e-ISBN: 9780191596407 | DOI: http://dx.doi.org/10.1093/0198287240.003.0004
 The Pricing of Manufactures

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In the simplest model of a production system we should make room for two sorts of intermediaries — one between primary producers and manufacturers, the other between manufacturers and consumers, what are commonly called the distributive trades. This chapter focuses on the resemblances and differences between these two sorts of intermediaries. These distributive trades are referred to as secondary merchants, contrasting them with the primary merchants, who deal in primary products.

Keywords: economic theory; pricing; secondary merchants; intermediaries

Chapter.  3457 words. 

Subjects: Macroeconomics and Monetary Economics

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