Economics articles on fundamental vs. speculative demand?

July 2, 2009 10:57 PM

Are there good articles/books that explain in detail the economics concept of fundamental demand vs. speculative demand, and how one might distinguish one from the other? What is the basis of this distinction in the economics literature and which famous economists, living or dead, talk about it (and in which of their works)?
posted by shivohum to work & money (1 comment total)

Adam Smith's Wealth of Nations covers this split a little bit if I remember correctly, but never concisely in one chapter.

Wikipedia says it's a Keynesian idea, so check out his stuff.
posted by cmchap at 9:14 PM on July 3