In this work we deal with the theory of price determination in Steuart’s writings; in particular with the concept of Double competition. The background is the evolution of the concept of market during the 18th century. Steuart proposed a theoretical construction in order to tackle the problem...

The purpose of this paper is to re-examine the notion of price determination in A.-R.-J. Turgot’s writings. Consideration is given to the evolution of the concept of market during the 18th century. It is argued that Turgot provided a model of multiple exchanges with merchants, called General...