COURNOT, ANTOINE-AUGUSTIN


Meaning of COURNOT, ANTOINE-AUGUSTIN in English

born Aug. 28, 1801, Gray, France

died March 31, 1877, Paris

French economist and mathematician.

The first economist to apply mathematics effectively to the treatment of economic questions, he made important contributions with his discussion of supply and demand functions, the shifting of taxes, and problems of international trade, and he is best remembered for his discussion of strategic behaviour in a market with only two producers, a so-called duopoly . His principal work is Researches into the Mathematical Principles of the Theory of Wealth (1838).

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.