In his book " The Intellectual and the Marketplace ", for instance, he proposed " Stigler's Law of Demand and Supply Elasticities, " that " all demand curves are inelastic and all supply curves are inelastic too . " The essay referenced studies that found many goods and services to be inelastic over the long run, as well as offering a supposed theoretical proof; he ended by announcing that his next essay would demonstrate that the price system does not exist.
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