Get off my back, William J. Polley is concerned about "demand vs quantity demanded" as well
Thank you William J. Polley:
The whole sentence about demand is the sort of circular statement that we caution our students not to make but that newspapers print all the time. Not only is it a terrible misstatement of demand vs quantity demanded, it's not even consistent with the claim (advanced by Krugman among many) that supply is fixed.
Maybe it is only those economists at regional public universities that think this is important? My concern drew 13 comments, a large number for moi.
Longer response over at my blog.
Posted by: William Polley | May 06, 2008 at 02:10 AM