A History of Economic Theory and Method |
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Page 221
... consumption , up to the price that stops all consumption and in the second , regarding the price , the corresponding quantity consumed , we will have the exact representation of what we call the law of consumption . Dupuit neatly ...
... consumption , up to the price that stops all consumption and in the second , regarding the price , the corresponding quantity consumed , we will have the exact representation of what we call the law of consumption . Dupuit neatly ...
Page 419
... consumption c / y de- clines . The marginal propensity to consume , or the ratio of a change in consumption to an incremental change in income ( Ac / Ay read off the consumption function in Figure 15-2 ) , remains constant . Similarly ...
... consumption c / y de- clines . The marginal propensity to consume , or the ratio of a change in consumption to an incremental change in income ( Ac / Ay read off the consumption function in Figure 15-2 ) , remains constant . Similarly ...
Page 420
... consumption in the upper and set against the savings function in the lower . Total aggre- gate demand equals consumption expenditure and investment expendi- tures . Now all the elements for an explanation of income determina- tion are ...
... consumption in the upper and set against the savings function in the lower . Total aggre- gate demand equals consumption expenditure and investment expendi- tures . Now all the elements for an explanation of income determina- tion are ...
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A History of Economic Theory and Method Robert Burton Ekelund,Robert F. Hébert No preview available - 1997 |
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Adam Smith Alfred Marshall analytical Böhm-Bawerk CALIFORNIA/SANTA CRUZ capital Chamberlin Chapter classical economics commodity competition concept consumers consumption contributions Cournot demand curve determined discussion doctrine Dupuit economic analysis economic theory economic thought economists effect equal equilibrium example exchange exist factors Figure firm function history of economic ideas imperfect competition important income increase individual industry inputs investment Jevons Jevons's John Stuart Mill Keynes Keynes's Keynesian labor land Léon Walras long-run Malthus marginal utility Marshall's Marshallian Marx Marx's mathematical Menger mercantile mercantilists microeconomic Mill Mill's monetary theory monopolistic monopolistic competition monopoly nature neoclassical nomic output Physiocrats Pigou Political Economy price discrimination Principles problem profit quantity theory rent revenue Ricardo sellers social society surplus theoretical theorists theory of value tion trade UNIVERSITY OF CALIFORNIA/SANTA value theory wages Walras Walras's Wealth of Nations welfare Wieser William Stanley Jevons writers York