English translation: the exchange and the relationships
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French to English translations [PRO] Social Sciences - Social Science, Sociology, Ethics, etc. / imaging and sampling in digital photography
French term or phrase:l’échange et les rapports
This is from an article about the changing importance of labour in the acquisition of wealth (such as work time now used for professional development so that quality of work is supposedly of a higher standard etc):
C'est *l’échange et les rapports* entre l'offre et le demande...
I've got it as 'the trade-off and relationships between supply and demand...' but that just doesnt sound right to me. I wondered if there was a specific phrase but I cant find anything. I also wondered about 'trade-off and balance' (part of a phrase from the Kudos Gloss) but even that sounds odd. Any ideas out there? Thank you.
Explanation: As an economist by trade I agree with you that the term trade-off is inappropriate, because supply and demand are driven by different sources. On the other hand, supply and demand do complement one another insofar as they must both take place at the same price. Thus, the word exchange is very appropriate.
With regard to the term "rapports" the word relationships is entirely suitable, as the price at which the exchange takes place is not always equally beneficial to both side of the exchange. There are a larger number of other relationships to be considered such as price ceilings and floors, as well as tariffs, taxes, and quotas -- to say nothing of an entire myriad of hidden factors included in market structure that are determined by language, culture, and psychological attitude of the market players.
Thank you everyone so far. Ive just spotted a mistake in the heading. This question is certainly not anything to do with imaging and sampling in digital photography! I thought I'd cleared everything off my answer form-obviously I hadnt. Sorry if it has confused anyone-.
Léon Walras is the father of general equilibrium theory. Thus, the term "relationships" might refer to changes in other markets that effect the supply and demand of the market in question. Most economic analysis deals with partial equilibrium analysis.
Déjà depuis plus d'un siècle, avec la théorie de l'équilibre général formulée par Léon Walras, c'est l'échange et les rapports entre l'offre et la demande qui ont pris cette place central
It's talking about the political economy emerging after the publication of 'The Wealth of Nations' (1776) and how all parties (Liberals, Socialists etc agreed that 'work/ labour' played the most important part in the creation of wealth. It then goes on to say that things have changed and less emphasis is being put on the actual amount of time spent at the coal face - so to speak and that the way to get the best out of people is not just to force them to work faster and faster and longer but to offer them training so that they will be able to produce the best results. This is only one reason why the original view has changed- there are three others - give more pay, more time to spend the money they have earned and to increase production by replacing humans with technology. Hope this helps.
Explanation: As an economist by trade I agree with you that the term trade-off is inappropriate, because supply and demand are driven by different sources. On the other hand, supply and demand do complement one another insofar as they must both take place at the same price. Thus, the word exchange is very appropriate.
With regard to the term "rapports" the word relationships is entirely suitable, as the price at which the exchange takes place is not always equally beneficial to both side of the exchange. There are a larger number of other relationships to be considered such as price ceilings and floors, as well as tariffs, taxes, and quotas -- to say nothing of an entire myriad of hidden factors included in market structure that are determined by language, culture, and psychological attitude of the market players.
R. A. Stegemann Thailand Local time: 06:43 Specializes in field Native speaker of: English PRO pts in category: 4
Grading comment
I chose Hamo's answer because it was the most helpful but many thanks to all of you for your time.
The translation workplace 
