Economic Theory in Retrospect

Adam Smith agriculture amount analysis argument assumption average period bank Böhm-Bawerk's capital capitalist chap chapter classical commodity concept constant consumer consumption corn demand curve determined diminishing returns distribution doctrine economists effect elasticity employment equal equations equilibrium exchange fact factor factor of production fall firm given gold growth hence income increase indifference curves individual industry inputs investment Jevons Keynes labor theory land long-run Malthus marginal cost marginal utility Marshall Marshall's Marx Marx's Marxian economics maximize means ment mercantilist Mill money wages nomic optimum output perfect competition period of production physiocrats population Principles problem production function quantity theory rate of interest rate of profit ratio real wages relative prices rent returns to scale Ricardian Ricardo rise saving Say's Law social supply curve surplus value theory of value tion trade unit variable wage rate Walras wealth welfare economics wheat Wicksell workers zero