Market Theory and the Price System. Israel M. Kirzner

Чтение книги онлайн.

Читать онлайн книгу Market Theory and the Price System - Israel M. Kirzner страница

Market Theory and the Price System - Israel M. Kirzner The Collected Works of Israel M. Kirzner

Скачать книгу

on>

      

MARKET THEORY AND THE PRICE SYSTEM

      THE COLLECTED WORKS OF ISRAEL M. KIRZNER

       The Economic Point of View

       Market Theory and the Price System

       Essays on Capital and Interest

       Competition and Entrepreneurship

       Austrian Subjectivism and the Emergence of Entrepreneurship Theory

       The Essence of Entrepreneurship and the Nature and Significance of Market Process

       Competition, Economic Planning, and the Knowledge Problem

       Discovery, Capitalism, and Distributive Justice

       Reflections on Ethics, Freedom, Welfare Economics, Policy, and the Legacy of Austrian Economics

       Ludwig von Mises: The Man and His Economics

      This book is published by Liberty Fund, Inc., a foundation established to encourage study of the ideal of a society of free and responsible individuals.

      The cuneiform inscription that serves as our logo and as a design element in Liberty Fund books is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.

      Introduction and index © 2011 by Liberty Fund, Inc.

      Market Theory and the Price System was first published by D. Van Nostrand in 1963.

      This eBook edition published in 2013.

      eBook ISBNs:

       978-1-61487-625-0

       978-1-61487-252-8

       www.libertyfund.org

      B’EZRAS HASHEM

       To Ludwig von Mises

      CONTENTS

       5. CONSUMER INCOME ALLOCATION

       Marginal Utility and the Allocation of Income / The Position of Consumer’s Equilibrium / A Geometrical Illustration / The Effects of Changes / The Individual Demand Curve / Some Remarks on Expectations / Summary

       6. MARKET DEMAND

       Market Demand / The Market Demand Curve / Demand Elasticity / Measures of Elasticity / Market Demand as Seen by the Individual Entrepreneur / Demand and Revenue / Demand and the Prices of Other Goods / Demand as a Market Force / Summary

       7. MARKET PROCESS IN A PURE EXCHANGE ECONOMY

       The Nature of Competition / A Simple Case of Price Competition / Simple Price Competition Without Perfect Knowledge / The Market for Several Non-Producible Goods: The Problem / The Equilibrium Situation for the Multi-Commodity Market / The Multi-Commodity Market Without Perfect Knowledge / Monopoly in a Pure Exchange Market / The Agitation of the Market / Summary / Appendix

       8. PRODUCTION THEORY

       The Economic Aspect of Production / Production by the Isolated Individual / Production in Society / Production in the Market Economy / Factors of Production / Production Functions and Isoquants / The Shape of the Isoquant and the Substitutability of Factors / Changes in Factor Proportions, and Changes in the Scale of Factor Employment / Returns to Scale / The Laws of Variable Proportions: The Problem / The Laws of Variable Proportions / Economic Implications of the Laws of Variable Proportions / The Least-Cost Combination / Graphic Illustration of the Least-Cost Combination / Summary

       9. COSTS AND SUPPLY

       Costs and Rents / Opportunity Costs and Supply Theory / Prospective and Retrospective Costs / Capital Goods and Cost Theory / Factor Divisibility and Short-Run Per-Unit Costs / Short-Run Costs and Their Effect on Supply / Long-Run Costs and Supply / Factor Prices and Supply / Summary

       10. PARTIAL MARKET PROCESSES—THE DETERMINATION OF PRODUCT PRICES AND FACTOR PRICES

       The Market for a Single Product

       Long-Run Equilibrium / Short-Run Equilibrium in the Single-Product Market / Equilibrium

Скачать книгу