<p>The Wikipedia page about the <a href="https://en.wikipedia.org/wiki/Supply_and_demand" rel="nofollow noreferrer">supply and demand model</a> has a <a href="https://en.wikipedia.org/wiki/Supply_and_demand#History" rel="nofollow noreferrer">History</a> section. </p>

<p>According to <a href="http://onlinelibrary.wiley.com/doi/10.1002/9780470999059.ch3/summary" rel="nofollow noreferrer">Hamid S. Hosseini</a>, the power of supply and demand was understood to some extent by several early Muslim scholars, such as fourteenth-century Syrian scholar <a href="https://en.wikipedia.org/wiki/Ibn_Taymiyyah" rel="nofollow noreferrer">Ibn Taymiyyah</a>, who wrote: </p>

<blockquote>
  <p>"If desire for goods increases while its availability decreases, its
  price rises. On the other hand, if availability of the good increases
  and the desire for it decreases, the price comes down."</p>
</blockquote>

<p><a href="https://en.wikipedia.org/wiki/Antoine_Augustin_Cournot" rel="nofollow noreferrer">Antoine Augustin Cournot</a> first developed a <strong>mathematical model of supply and demand</strong> in his 1838 Researches into the Mathematical Principles of Wealth, including diagrams. However, <a href="http://la.utexas.edu/users/hcleaver/368/368LockeSomeConsiderationsAlltable.pdf" rel="nofollow noreferrer">John Locke (1691)</a>, Adam Smith (1776) and David Ricardo (1817) also used this model.</p>

CC BY-SA 3.0
2017-01-19T08:23:11.303Z
2017-01-19T08:49:08.160Z
2017-01-19T08:49:08.160Z
emeryville
<p>Who created the supply and demand model in economics or when was it first used? </p>

CC BY-SA 3.0
2017-01-19T08:25:59.207Z
Do you mean the mathematical model of supply and demand? The phrase "supply and demand"? or the idea?
emeryville
<supply-and-demand><history>
When was the supply and demand model first used?
user11787
# When was the supply and demand model first used?

(Asked by: username_0 on 2017-01-16)

Who created the supply and demand model in economics or when was it first used?

**Tags:** supply-and-demand, history

> **Comments:**
> **username_1**: Do you mean the mathematical model of supply and demand? The phrase "supply and demand"? or the idea?  

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## 1 answers

### Answer by username_1 on 2017-01-19. Score: 1

The Wikipedia page about the [supply and demand model](https://en.wikipedia.org/wiki/Supply_and_demand) has a [History](https://en.wikipedia.org/wiki/Supply_and_demand#History) section.

According to [Hamid S. Hosseini](http://onlinelibrary.wiley.com/doi/10.1002/9780470999059.ch3/summary), the power of supply and demand was understood to some extent by several early Muslim scholars, such as fourteenth-century Syrian scholar [Ibn Taymiyyah](https://en.wikipedia.org/wiki/Ibn_Taymiyyah), who wrote:

> "If desire for goods increases while its availability decreases, its
> price rises. On the other hand, if availability of the good increases
> and the desire for it decreases, the price comes down."

[Antoine Augustin Cournot](https://en.wikipedia.org/wiki/Antoine_Augustin_Cournot) first developed a **mathematical model of supply and demand** in his 1838 Researches into the Mathematical Principles of Wealth, including diagrams. However, [John Locke (1691)](http://la.utexas.edu/users/hcleaver/368/368LockeSomeConsiderationsAlltable.pdf), Adam Smith (1776) and David Ricardo (1817) also used this model.


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