Matthew Watson is professor of political economy at the University of Warwick.

• 1. Introduction2. The market concept in triplicate3. Symmetrical moral relationships: Adam Smith's impartial spectator construct4. Demand and supply in partial equilibrium: the Marshallian cross diagram5. Vectors of market-clearing prices: the Walrasian auctioneer6. The political rhetoric of "the market"7. Conclusion

Watson has provided a history of the economic ideas that form the basis of modern economics, brilliantly explaining where many of the economic laws and concepts central to the idea of the market originated . . . there are very few texts on the market that are as good as this.

Matthew Watson is professor of political economy at the University of Warwick.

• 1. Introduction2. The market concept in triplicate3. Symmetrical moral relationships: Adam Smith's impartial spectator construct4. Demand and supply in partial equilibrium: the Marshallian cross diagram5. Vectors of market-clearing prices: the Walrasian auctioneer6. The political rhetoric of "the market"7. Conclusion

Watson has provided a history of the economic ideas that form the basis of modern economics, brilliantly explaining where many of the economic laws and concepts central to the idea of the market originated . . . there are very few texts on the market that are as good as this.

Matthew Watson is professor of political economy at the University of Warwick.

• 1. Introduction2. The market concept in triplicate3. Symmetrical moral relationships: Adam Smith's impartial spectator construct4. Demand and supply in partial equilibrium: the Marshallian cross diagram5. Vectors of market-clearing prices: the Walrasian auctioneer6. The political rhetoric of "the market"7. Conclusion

Watson has provided a history of the economic ideas that form the basis of modern economics, brilliantly explaining where many of the economic laws and concepts central to the idea of the market originated . . . there are very few texts on the market that are as good as this.