Foundations of Economic Analysis |
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Page 7
... analysis is to take place . It is hardly enough , however , to show that under certain condi- tions we can name enough relations ( equations ) to determine the values of our unknowns . It is important that our analysis be developed in ...
... analysis is to take place . It is hardly enough , however , to show that under certain condi- tions we can name enough relations ( equations ) to determine the values of our unknowns . It is important that our analysis be developed in ...
Page 162
... analysis of " revealed " prefer- ence , and the introduction of quantity and price indexes is indirect , unnecessary , and misleading . It is indirect and unnecessary be- cause it is a deduction from the previous simpler analysis . It ...
... analysis of " revealed " prefer- ence , and the introduction of quantity and price indexes is indirect , unnecessary , and misleading . It is indirect and unnecessary be- cause it is a deduction from the previous simpler analysis . It ...
Page 207
... analysis of consumers ' surplus , an analysis which was regarded as almost the most significant contribution of his Principles . By a comparison of geometrical areas he arrived at the conclusion that increasing cost industries would be ...
... analysis of consumers ' surplus , an analysis which was regarded as almost the most significant contribution of his Principles . By a comparison of geometrical areas he arrived at the conclusion that increasing cost industries would be ...
Contents
CAMBRIDGE MASSACHUSETTS | 5 |
EQUILIBRIUM SYSTEMS AND COMPARATIVE STATICS | 7 |
THE THEORY OF MAXIMIZING BEHAVIOR | 21 |
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a₁ algebraic analysis assumed assumption behavior chapter coefficients commodity comparative statics competition conditions of equilibrium constant constraints consume consumer's consumer's surplus corresponding defined demand curve demand functions determined difference equations differential equations discussion dynamic economic theory economists equal equi expression extremum fact factors of production finite firm formal G. D. Birkhoff given Hicks hypothesis implies independent index numbers indifference curves individual initial conditions involved J. R. Hicks librium linear marginal cost marginal utility Mathematical Appendix matrix maximizing maximum method minimum motion necessary negative definite numeraire optimal optimum output parameter partial derivatives perfect competition polynomial positive possible preference field problem production function quadratic form qualitative quantity relations respect result roots simple solution stability sufficient supply curve tion transformation unique unknowns utility of income vanish variables welfare economics written zero θα