Principles of Economics: Abridged EditionBritish economist ALFRED MARSHALL (1842-1924) was one of the most prominent thinkers of his age on the philosophy of finance, and this, considered his greatest work, was for years the standard text on the subject. First published in 1890, this is an abridged version of the 1920 eighth edition, and it serves as an excellent primer on such topics as: . basic economic laws . the purpose of economic studies . fundamental concepts including wealth, production, consumption, labor, income, capital, and others . understanding consumer demand . an introduction to market studies . and much more. ALSO AVAILABLE FROM COSIMO: Marshall's Elements of Economics of Industry |
Contents
| 1 | |
| 14 | |
Chapter III | 29 |
Chapter IV | 38 |
SOME FUNDAMENTAL NOTIONS | 49 |
Chapter III | 65 |
ON WANTS AND THEIR SATISFACTION | 83 |
Chapter III | 92 |
The Investment and Distribution | 167 |
Equilibrium of Normal Demand and Supply | 179 |
Joint and Composite Demand Joint | 197 |
Prime and Total Cost in Relation | 210 |
Marginal Costs in Relation to Values | 219 |
Marginal Costs in Relation to Values | 229 |
Marginal Costs in Relation to Agricultural | 241 |
Marginal Costs in Relation to Urban Values | 256 |
Chapter IV | 102 |
Choices between Different Uses of | 117 |
Value and Utility | 124 |
GENERAL RELATIONS | 139 |
Temporary Equilibrium of Demand | 147 |
Equilibrium of Normal Demand and Supply | 153 |
Equilibrium of Normal Demand and Supply | 271 |
Theory of Changes of Normal Demand | 278 |
The Theory of Monopolies | 293 |
Summary of the General Theory | 312 |
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Common terms and phrases
action Adam Smith aggregate amount appliances applied bounty building capital Carl Menger causes chapter commodity consumer's surplus consumers consumption cost of production demand and supply demand curve demand price derived desire difficulties diminishing return doctrine duction earnings economic economists effect elasticity equal equilibrium estimate expenses of production fact factors of production fall governed greater income increasing return individual industry influence instance interest investment kind labour land law of increasing less marginal costs marginal utility material measure monopoly revenue nomic obeys the law outlay particular periods person pleasure pound prime cost problems producer's surplus profits quasi-rents reckoned regard relation rent represented result revenue curve rise satisfaction scarcity rents sell sold stones sumers supply curve supply price suppose surplus term things tion trade true wants wealth worth yield