Essentials of Price Theory / / Burton Keirstead.

• Superior document: Title is part of eBook package: De Gruyter University of Toronto Press eBook-Package Archive 1933-1999
• VerfasserIn: Keirstead, Burton,
• TeilnehmendeR: Innis, Harold.
• Place / Publishing House: Toronto : : University of Toronto Press, , [2019]; ©1942
• Year of Publication: 2019
• Language: English
• Series: Heritage
• Physical Description: 1 online resource (260 p.)

This volume is a general survey of pure value and distribution theory written for students who have completed a more discursive elementary course, or, perhaps, for a select group of students entering on a series of courses in economics. The book is divided into two parts. Book I is a good, intelligent treatment of the scope and methods of Economics. Book II contains an algebraic analysis of pricing in an economy of two individuals, and of pricing and distribution with two commodities. Changes in price and distribution equilibria over time are discussed and illustrated in a series of admirably executed three-dimensional diagrams. This is the author's attempt to sharpen and clarify in his own mind the basic principles and concepts of price theory. It attempts to be precise and it is entirely devoted to the problems of price theory. It may help some students of economics to concentrate on the fundamental problems of price theory and to master rigorous techniques in a way a more discursive book could not.

Table of Contents

Frontmatter -- FOREWORD -- PREFACE -- ACKNOWLEDGEMENTS -- CONTENTS -- BOOK ONE. INTRODUCTORY -- I. The Meaning of Economy -- II. The Objects of Economic Study -- III. Economic Methods -- IV. The Historical Method -- Appendix to Book One -- BOOK TWO. THE PRICE SYSTEM IN ABSTRACTION -- V. Equations of the Simplified Economy under Conditions of Monopoly, Monopsony and Single and Multiple Commodities -- VI. Equations of the Simplified Economy (Continued) -- VII. The Price System in the Simplified Economy -- BOOK THREE. THEORY OF PRICE IN AN INDUSTRIAL ECONOMY -- VIII. Introduction to Book Three -- IX. The Curves -- Appendix to Chapter IX -- X. The Industrial Supply Curve -- XI. Consumers' Demand -- XII. The Determination of Price -- XIII. Some Further Problems in Price Determination, Joint Costs, Multiple Equilibrium, Price Discrimination -- XIV. Decreasing Costs–Comparison of Competitive and Monopoly Output -- XV. Conclusion to Book III -- BOOK FOUR. DISTRIBUTION; THE PRICING OF THE AGENTS OF PRODUCTION -- XVI. Introduction to Book Four -- XVII. Wages and Enterprise -- XVIII. Rent and Differential Surpluses -- XIX. Interest -- XX. Conclusion -- INDEX