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Thornton’s writings are central to the history of the Laws of Supply and Demand and seminal in understanding the rise of neoclassical economics. Thornton has been cast as a minor player in John Stuart Mill’s recantation of the wages fund doctrine. This text should show how he played a major role.
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Thornton’s writings are central to the history of the Laws of Supply and Demand and seminal in understanding the rise of neoclassical economics. Thornton has been cast as a minor player in John Stuart Mill’s recantation of the wages fund doctrine. This text should show how he played a major role.