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History of economic analysis

1954

by Schumpeter

Economic HistoryClassical EconomicsAdam SmithDavid RicardoJacob VinerJoseph SchumpeterUtilitarianismLeon WalrasMax WeberPolitical EconomyVilfredo ParetoWorld War IIEquilibriumMercantilismNatural LawRichard CantillonAnne-Robert-Jacques TurgotWilliam PettyFrank KnightGeorge StiglerLionel RobbinsMarxismEpistemologyFriedrich A. HayekInstitutionalismScarcityUncertaintyBusiness CyclesMethodologyDivision of LaborIdeologyThomas AquinasAnthropologyMathematical EconomicsAcceleration PrincipleJoan RobinsonMultiplierPositivismProductivityAlfred MarshallEconomic PolicyInheritanceKarl MarxAccountingAgricultureInsuranceInternational TradePublic FinanceLegal TheoryJohn Maynard KeynesAristotleDavid HumeDialectical MaterialismJohn LockeBureaucracyFriedrich EngelsRationalizationValue JudgmentsJohn HicksJohn Stuart MillLiberalismPaul SamuelsonSocialismWerner SombartLabor Theory of ValueLiquidityMarginal UtilityMonetary TheoryPlatoTeleologyCommunismProperty RightsSlaverySocial ContractCommodity MoneyExchange ValueMonopolyFeudalismProletariatIndividualismUsuryInterest TheoryQuantity Theory of MoneyWelfare EconomicsMoney MarketThomas HobbesRationalityJeremy BenthamSubjective ValueLaissez-faireWelfare StateJean-Jacques RousseauMontesquieuInflationImperialismPlanned EconomyTaxationIndustrial RevolutionPhysiocracyDemographyPrice ControlsGuildsInterest RatesProtectionismUtilityFree TradeCapital TheoryGround RentInvestmentProfit and LossWagesBalance of PaymentsPrice MechanismSpeculationFiscal PolicyOligopolyNational IncomeVelocity of CirculationCompetitionEntrepreneurshipKeynesian EconomicsPerfect CompetitionThomas MalthusIncome DistributionFrench RevolutionUnemploymentFrancis Ysidro EdgeworthInnovationLabor LawPovertyBankingNeutral MoneyJean-Baptiste SayRagnar FrischSavingEffective DemandJohn LawPrice TheoryBank of EnglandBimetallismMarginal CostCarl MengerIrving FisherWilliam Stanley JevonsSupply and DemandHoardingBanknotesCapitalismCredit ExpansionFiat MoneyFactors of ProductionFixed CapitalEugen von Bohm-BawerkKnut WicksellGustav CasselCapital AccumulationExchange ControlHistorical SchoolExchange RatesTerms of TradeComparative AdvantageSozialpolitikNassau SeniorWilhelm RoscherExploitationSurplus ValueEconomic DevelopmentCustoms UnionTrade UnionsCentral BankingGold StandardMonetary PolicyJames MillGeorg Wilhelm Friedrich HegelImmanuel KantOthmar SpannAuguste ComteHerbert SpencerAlexis de TocquevilleClass StruggleBruno HildebrandFriedrich ListGustav SchmollerKarl KniesWalter BagehotEmpiricismAnarchismCooperativesFerdinand LassalleAntoine Augustin CournotHermann Heinrich GossenRoundabout ProductionJohann Heinrich von ThunenTime PreferenceJean Charles Léonard de SismondiSay's LawInterventionismUnderconsumptionFrederic BastiatEconomic CrisisJohann Karl RodbertusStatismAlbert SchaffleLorenz von SteinFederalismCurrency SchoolThomas TookeCatallacticsStationary EconomyDiminishing ReturnsAustrian SchoolProduction CostsRicardo EffectOpportunity CostGottfried HaberlerOverproductionOskar LangeCapital StructureAbstinence TheoryDeflationBanking SchoolDiscount RatePrice LevelConvertibilityForced SavingMonetary EquilibriumPurchasing PowerBusiness Cycle TheoryRudolf HilferdingCartelsInfrastructureNationalismGeopoliticsWorld War IEdmund HusserlPhenomenologyMethodenstreitAdolf WagnerArthur SpiethoffLujo BrentanoThorstein VeblenGeorg Friedrich KnappIdeal TypeLausanne SchoolFriedrich von WieserZurechnungEugen von PhilippovichFranz OppenheimerIndifference CurvesJohn Bates ClarkMarginalismVladimir LeninKarl KautskyOtto BauerRosa LuxemburgEmil LedererMethodological IndividualismSubsistence FundNeoclassical EconomicsMonopolistic CompetitionArthur Cecil PigouUse ValueEconomic CalculationLudwig von MisesCapital GoodsDepreciationJan TinbergenExternalitiesEconomies of ScaleConsumer SovereigntyOpen Market OperationsStabilizationLegal TenderMoney SupplyCapital MovementsNatural Rate of InterestGame TheoryNew DealTotalitarianismAlvin Hansen

Table of Contents · 330 segments

1
Front Matter and Table of Contentschapter
2
Introduction by Mark Perlman: Putting Schumpeter and Histories of Economic Thought in Perspectiveessay
3
The Book’s Part in Schumpeter’s Lifeessay
4
How the Book Is Organizedessay
5
Reactions to the Theses in the Bookessay
6
Perlman’s Assessment of Schumpeter’s Visionessay
7
References to Mark Perlman’s Introductionbibliography
8
Editor’s Introduction: Origin and Scope of History of Economic Analysisessay
9
Editor’s introduction continued: Schumpeter’s preparation, manuscript state, and editorial methodessay
10
Publisher’s note on indexes and publication assistanceessay
11
Chapter 1, section 1: Plan of the bookchapter
12
Chapter 1, section 2: Why study the history of economicstheoretical
13
Chapter 1, section 3: Is economics a science?theoretical
14
Chapter 2: Techniques of economic analysis and the primacy of economic historytheoretical
15
Chapter 2, section 2: Statistics as a tool of economic analysistheoretical
16
Chapter 2, section 3: Economic theory as a box of toolstheoretical
17
Chapter 2, sections 4–5: Economic sociology and political economytheoretical
18
Chapter 2, section 6: Applied fields of economicstheoretical
19
Chapter 3: Interlude II—Economics, Sociology, and Neighboring Social Scienceschapter
20
Chapter 3: Logic, Psychology, Psychologism, and Darwinismchapter
21
Chapter 3: Economics and Philosophychapter
22
Chapter 4: Sociology of Economics—Economic Laws, Rationalization, Marxian Ideology, and Biaschapter
23
Chapter 4: Economic Analysis versus Political Economy Systems and Economic Thoughtchapter
24
Chapter 4: Vision, Scientific Procedure, Ideology, and Neutral Analytical Toolschapter
25
Chapter 4: Professional Groups, Scientific Training, Generations, and Schoolschapter
26
Part II and Chapter 1: Graeco-Roman Economicschapter
27
Plan of Part II, Pre-Greek Thought, and Platotheoretical
28
Aristotle’s Analytic Performancetheoretical
29
Aristotle on the State, Private Property, and Slaverytheoretical
30
Aristotle’s Pure Economics: Value, Money, and Interesttheoretical
31
Greek Philosophy after Aristotletheoretical
32
Roman Law, Roman Agricultural Writing, and Early Christian Thoughttheoretical
33
The Great Gap before Scholastic Economicstheoretical
34
Feudalism, the Church, and Scholastic Intellectual Lifetheoretical
35
Scholasticism and Capitalismchapter
36
Scholastic Sociology and Economics: Introduction and the Early Scholasticschapter
37
The Thirteenth Century: Aristotelian Reception, Just Price, Property, and Interestchapter
38
Late Scholasticism I: Representatives, Sociology, Property, and Public Financechapter
39
Late Scholasticism II: Welfare, Value, Money, Profit, and Interesttheoretical
40
Late Scholastic Interest Analysis: Usury, Exceptions, and Monetary Interesttheoretical
41
Scholastic Interest Theory: Interest as a Price of Moneytheoretical
42
Scholastic Interest Analysis and the Concept of Natural Lawtheoretical
43
The Philosophers of Natural Law in the Seventeenth Centurytheoretical
44
Enlightenment Natural-Law Analysis and the Science of Human Naturetheoretical
45
Analytic Aesthetics, Ethics, and Moral Sentimentstheoretical
46
Self-Interest, the Common Good, and Utilitarianismtheoretical
47
Historical Sociology, the Encyclopédistes, and Semi-Socialist Natural-Law Writerstheoretical
48
Moral Philosophy and the Dissolution of the Natural-Law Systemtheoretical
49
Chapter 3 opening: practical economic literature and the national statechapter
50
Incidental factors in the emergence of national stateschapter
51
Why national states were aggressivechapter
52
Special circumstances shaping contemporary economic literaturechapter
53
The economic literature of the period: excluded materialchapter
54
The consultant administrators and quasi-systems of economicschapter
55
The pamphleteers and early economic journalismchapter
56
Sixteenth-Century Systems: Orientation and Scopechapter
57
The Work of Carafachapter
58
Bodin and Botero as Representative Performanceschapter
59
Spain and England in Sixteenth-Century Economicschapter
60
Systems, 1600–1776: Earlier Stageschapter
61
Justi and the Welfare Statechapter
62
French and English Systems before Smithchapter
63
The High Level of the Italian Contributionchapter
64
Adam Smith: Life, Intellectual Lineage, and Historical Rolechapter
65
Reader’s Guide to the Wealth of Nationschapter
66
Quasi-Systems and Antonio Serrachapter
67
English Quasi-Systems and Discourses of Tradechapter
68
Dutch, German, Austrian, and American Quasi-Systemschapter
69
Public Finance Once Moretheoretical
70
Note on Utopiasessay
71
Chapter 4: The Econometricians and Turgotchapter
72
Political Arithmeticktheoretical
73
Boisguillebert and Cantillontheoretical
74
The Physiocrats: Quesnay and the Disciplesessay
75
Natural Law, Agriculture, Laissez-Faire, and the Single Taxtheoretical
76
Quesnay’s Economic Analysistheoretical
77
The Tableau Économiquetheoretical
78
Turgotessay
79
Chapter 5: Population, Returns, Wages, and Employmentchapter
80
The Principle of Population: Problems and Practical Contexttheoretical
81
The Populationist Attitude and the Rise of Anti-Populationismtheoretical
82
Growth of Factual Knowledge about Populationtheoretical
83
Emergence of the Malthusian Principle before Malthustheoretical
84
Increasing and Decreasing Returns: Serra, Smith, Steuart, and Turgottheoretical
85
Historical Increasing Returns and James Andersontheoretical
86
Rent of Land and Wages before and in Adam Smiththeoretical
87
Unemployment and the State of the Poortheoretical
88
Chapter 6 Heading: Value and Moneychapter
89
Real Analysis and Monetary Analysis: Definitions and Contrasttheoretical
90
Monetary Analysis, Macroanalysis, Spending, and Savingtheoretical
91
The Monetary-Analysis Interlude: Becher, Boisguillebert, and Quesnaytheoretical
92
Dearness and Plenty, Cheapness and Plenty, and Physiocratic Anti-Saving Viewstheoretical
93
Fundamentals of Money: Metallism, Cartalism, and the Metallist Traditiontheoretical
94
Antimetallist Tradition, Land Banks, Bimetallism, Coinage, and Debasementtheoretical
95
Digression on Value: Scholastic Background and Monetary Impetustheoretical
96
Galiani and the Paradox of Valuetheoretical
97
Bernoulli’s Hypothesis and the Marginal Utility of Moneytheoretical
98
Early Analysis of Pricing Mechanisms, Competition, Monopoly, and Oligopolytheoretical
99
Adam Smith’s Codification of Value and Price Theory in the Wealth of Nationstheoretical
100
The Quantity Theory: Bodin, Malestroict, and Simple Metallismtheoretical
101
Implications of the Quantity Theorem and the Equation of Exchangetheoretical
102
Velocity of Money: Petty, Locke, Cantillon, and Spending Ratestheoretical
103
Credit and Banking: Scholastic Foundations and Capitalist Institutionstheoretical
104
Credit and Velocity: Cantillon and the Theory of Bank Credittheoretical
105
John Law and the Idea of Managed Currencytheoretical
106
Capital, Stock, and Advance Economicstheoretical
107
Interest Theory and Scholastic Influencetheoretical
108
Barbon: Interest as the Rent of Stocktheoretical
109
From Interest to Profit: Smith, Massie, and Humetheoretical
110
Turgot’s Interest Theory and Smith’s Stereotyping of Doctrinetheoretical
111
The Turgot-Smith Theory of Saving, Investment, and Luxurytheoretical
112
Chapter 7 Opening: Scope of the Mercantilist Literaturechapter
113
Interpretation of the ‘Mercantilist’ Literaturetheoretical
114
Export Monopolismtheoretical
115
Exchange Controltheoretical
116
The Balance of Tradetheoretical
117
Analytic Progress from Josiah Child to Adam Smiththeoretical
118
Part III, Chapter 1: Coverage and Periodization of the Classic Periodchapter
119
Chapter 1: Paraphernalia of Professional Economics, Teaching, and English Dominancechapter
120
Chapter 1: Plan of Part IIIchapter
121
Chapter 1: The Marxist System as Analysis and Methodological Problemchapter
122
Chapter 1: Marxist Sociology, Ricardian Economics, Evolution, and Reader’s Guidechapter
123
Chapter 1: Marx and Engels—Biography, Intellectual Development, and Unfinished Systemchapter
124
Chapter 2: Socio-Political Backgrounds—Bourgeois Ascendancy, Liberalism, and the Zeitgeistchapter
125
Chapter 2: Economic Development under Liberalismchapter
126
Chapter 2: Free Trade, Manchesterism, Colonies, and Foreign Policychapter
127
Chapter 2: Domestic Policy, Sozialpolitik, Factory Laws, Trade Unions, and Poor Reliefchapter
128
Chapter 2: Gladstonian Finance and Fiscal Liberalismchapter
129
Chapter 2: Gold Standard, Laissez-Faire, and Transition to Chapter 3chapter
130
The Zeitgeist and Philosophical Affiliationstheoretical
131
English Utilitarianism and Its Alliance with Economicstheoretical
132
German Speculative Philosophy, Universalism, and Marxtheoretical
133
Comte’s Positivism and the Program of Sociologytheoretical
134
Comte’s Social Statics, Dynamics, and Methodological Critiquetheoretical
135
Romanticism and Historiography; Sociology and Political Science: Environmentalismchapter
136
Evolutionism: Definition and Progress Ideologytheoretical
137
Philosophers’ Evolutionismtheoretical
138
Marxist Evolutionismtheoretical
139
Historians’ and Intellectualist Evolutionismtheoretical
140
Darwinian Evolutionismtheoretical
141
Psychology: Associationist and Evolutionist Psychologytheoretical
142
Logic, Epistemology, and J.S. Mill’s Logictheoretical
143
Pre-Marxian Socialismessay
144
Chapter 4: Review of the Troops—Opening and Economists Above Their Timechapter
145
Mountifort Longfield and Early Marginal Productivity Theorytheoretical
146
Johann Heinrich von Thünen and John Rae as Theorists Above Their Timetheoretical
147
The Ricardians: Ricardo, His School, and Its Influencetheoretical
148
Malthus as an Alternative to Ricardotheoretical
149
Whately and Senior: Method, Terminology, and Pure Theorytheoretical
150
Some English Economists Who Also Rantheoretical
151
France: setting, social currents, and introductory assessmentessay
152
Jean-Baptiste Say: reputation, sources, and equilibrium analysistheoretical
153
Sismondi: dynamic period analysis and social reformtheoretical
154
The Say school in France: institutional dominance and analytic sterilityessay
155
Minor French liberal economists: Dunoyer, Courcelle-Seneuil, Blanqui, Garnier, Canard, and Destutt de Tracyessay
156
Bastiat and Cherbuliez: journalism, theory, and classic textbooksessay
157
Germany: Smithian cameralism, Buquoy, and Storchessay
158
German classical economics: Rau, Hermann, Mangoldt, Bernhardi, and Listtheoretical
159
Rodbertus: Ricardian state socialism and underconsumptiontheoretical
160
Hildebrand, Knies, Roscher, and the so-called older historical schoolessay
161
Dühring and omitted German figuresessay
162
Italy: decentralized economics, foreign influence, and pre-Ferrara figuresessay
163
Francesco Ferrara: ultraliberal leadership and theoretical limitsessay
164
United States Economics and Henry C. Careyessay
165
Factual Work in Classical Economics: Introductionessay
166
Tooke and Newmarch’s History of Pricesessay
167
Collection and Interpretation of Statistical Materialsessay
168
Development of Statistical Methodsessay
169
J.S. Mill’s Principles, Fawcett and Cairnes, and Definitions of Political Economychapter
170
Methodology, Abstraction, and the Prehistory of the Battle of Methodstheoretical
171
Science, Policy, and What Mill’s Readers Got from the Principleschapter
172
Capitalist Institutions and Historical Relativity in Classical Economicstheoretical
173
Private Property, Firms, Competition, and the English Land Systemtheoretical
174
J.S. Mill’s Method for Analyzing Social Institutionstheoretical
175
The State in Classical Economic Analysistheoretical
176
Vision, Model Building, and the Stationary Statetheoretical
177
Ricardo’s Stationary Model and Advance Economicstheoretical
178
Nation, Social Classes, and Economic Categoriestheoretical
179
Hitchbound and Hitchless Economic Modelstheoretical
180
Complicating the Stationary Model: Producers’ Goods, Landowners, and Productive Servicestheoretical
181
Pessimism, Stationary States, and Saving in Classical Development Theorytheoretical
182
Say’s Production-Distribution Theory as Exchange of Productive Servicestheoretical
183
Optimistic Visions of Capitalist Developmenttheoretical
184
Actors in the Classical Schema and the Entrepreneurtheoretical
185
Marx’s Conception of Capitalist Developmenttheoretical
186
The Ricardian Detour in Distribution Theorytheoretical
187
Chapter 6: General Economics: Pure Theory — Axiomatics and Senior’s First Postulatetheoretical
188
Senior’s Second Postulate: Population and the Malthusian Doctrinetheoretical
189
Senior’s Fourth Postulate: Diminishing Returnstheoretical
190
Value: Introductory Framework, Ricardo, and Marxtheoretical
191
Opponents of the Labor-Quantity Theory of Valuetheoretical
192
J.S. Mill’s Half-Way House in Value Theorytheoretical
193
The Theory of International Valuestheoretical
194
Say’s Law of Marketstheoretical
195
Say’s Law as Identity, Money, and Say’s Carelessnesstheoretical
196
General Gluts, Effective Demand, and Keynes’s Reading of Say’s Lawtheoretical
197
Capital: terminology of wealth, income, and productive labortheoretical
198
The structure of physical capital in classical analysistheoretical
199
Senior’s contributions: roundabout production, waiting, and abstinencetheoretical
200
J.S. Mill’s propositions respecting capitaltheoretical
201
Distributive shares: profits, interest, exploitation, and the falling rate of profittheoretical
202
Interest theories and the wage-fund doctrinetheoretical
203
Rent, technological advance, and distributive sharestheoretical
204
Chapter 7 Opening: English Monetary Problems and Thorntonchapter
205
Bibliographic Guide to English Monetary Controversiesbibliography
206
War Inflation and the Question of the Standardessay
207
Bank Reform, the Bank Charter Act, and Central-Bank Policyessay
208
Fundamentals of Money, Metallism, and the Quantity Theorytheoretical
209
Inflation, Resumption, Tooke, Mill, and Monetary Managementtheoretical
210
Mill on Managed Money, Gold Discoveries, and Bimetallismtheoretical
211
Theory of Credit: Credit, Prices, Interest, and Forced Savingtheoretical
212
Peel’s Act: Currency and Banking Schools and Central Bank Policytheoretical
213
Commercial-Bill Theory of Banking and Needs-of-Trade Argumentstheoretical
214
Foreign Exchange and International Gold Movements: Classical Commodity-Trade Frameworktheoretical
215
Monetary Equilibrium, Crop Failure, and the Balance-of-Payments versus Inflation Viewtheoretical
216
Purchasing-Power Parity, Irredeemable Paper, and Unilateral Transferstheoretical
217
The Business Cycle: Early Crisis, Overproduction, Underconsumption, and Random-Disturbance Theoriestheoretical
218
Tooke, Overstone, and the Emergence of Cycle Analysistheoretical
219
J.S. Mill’s Synthesis of Business-Cycle Ideastheoretical
220
Marx’s Unwritten Theory of Business Cyclestheoretical
221
Part IV, Chapter 1: Coverage of 1870–1914 and Later Developmentschapter
222
Paraphernalia: Professionalization, Institutions, Journals, and Research Infrastructurechapter
223
Plan of Part IVchapter
224
Chapter 2 Introduction: Background and Patternschapter
225
Economic Development, the Great Depression, and Social Reactionschapter
226
The Defeat of Liberalismchapter
227
Policieschapter
228
Art and Thought: Bourgeois Civilization and Its Recalcitrant Offspringchapter
229
Bourgeois Civilization and Its Philosophychapter
230
Chapter 3: Some Developments in Neighboring Fields—Introduction and Historychapter
231
Sociologychapter
232
Psychologychapter
233
Chapter 4 Opening and Editorial Note on Sozialpolitik and the Historical Methodchapter
234
Sozialpolitik, the Verein für Sozialpolitik, and the Problem of Value Judgmentschapter
235
Historism, the Older Historical School, and Schmoller’s Younger Historical Schooltheoretical
236
The Methodenstreit Between Historical and Theoretical Economicstheoretical
237
The Youngest Historical School: Spiethoff, Sombart, and Max Weberessay
238
Historical Economics Outside Germany: Italy and Franceessay
239
Economic History and Historical Economics in Englandessay
240
Jevons, Menger, and Walras in the Marginal Utility Revolutionchapter
241
England in the Marshallian Agechapter
242
France: Laissez-Faire, Walrasian Peaks, and Heterodox Reform Currentschapter
243
Germany and Austria: Overview and the Austrian or Viennese Schoolchapter
244
Germany and Austria: The Elder Statesmenchapter
245
Germany and Austria: Representative Economists and Theoretical Diversitychapter
246
Italy: Renaissance of Economics and the Elder Statesmenchapter
247
Italy: Pantaleoni, Barone, and Paretochapter
248
The Netherlands and the Scandinavian Countries: Pierson, Cassel, and Wicksellchapter
249
The United States: Professionalization and Henry Georgechapter
250
American Economists Who Prepared the Groundchapter
251
Clark, Fisher, and Taussigchapter
252
Additional Leading Figures in United States Economicschapter
253
The Marxists: Scope and Russian Marxismchapter
254
Marxism in Germanychapter
255
Revisionism, Marxist Revival, and Chapter 6 Headingchapter
256
Outposts: Sociological Framework of General Economicstheoretical
257
Population and the Classical Vision of Economic Progresstheoretical
258
Enterprise and Entrepreneurial Profittheoretical
259
Capital Concepts, Factor Triads, and Pure Capitaltheoretical
260
Böhm-Bawerk’s Capital Theory: Jevons, Roundaboutness, and the Period of Productiontheoretical
261
Cost, Production, Distribution, and Austrian Imputationtheoretical
262
Interdependence, General Equilibrium, and the Meaning of the Marginalist Revolutiontheoretical
263
Marshall’s Attitude to Marginal Utility and Real Costtheoretical
264
Interest, Rent, and Wages in Marginalist and Post-Classical Analysistheoretical
265
Cournot’s Contribution and the Emergence of Econometricstheoretical
266
Statics, Dynamics, Stationary States, Evolution, and Comparative Staticstheoretical
267
Determinateness, Equilibrium, Simultaneous Equations, and Stabilitytheoretical
268
The Competitive Hypothesis and Pure Competitiontheoretical
269
Chapter 7: Fundamental Unity of Equilibrium Analysischapter
270
The Theory of Monopoly, Marginal Revenue, and Price Discriminationtheoretical
271
Oligopoly, Duopoly, Bilateral Monopoly, and Strategic Indeterminatenesstheoretical
272
Marginal Utility and the Opening of the Marginalist Revolutiontheoretical
273
Marginal Utility and the Theory of Exchange Valuetheoretical
274
The Theory of Planning and of the Socialist Economytheoretical
275
Partial Analysis: Marshallian Demand, Elasticity, and the Limits of Industry Analysistheoretical
276
Walrasian General Equilibrium: Introductory Framing and Conceptualizationtheoretical
277
Walrasian Exchange, Determinateness, Stability, and Productiontheoretical
278
Walrasian Capital Formation, Interest, Money, and Monetary Equilibriumtheoretical
279
The Production Function: Meaning of the Concepttheoretical
280
Evolution of the Production Function Concepttheoretical
281
Increasing Returns, Decreasing Costs, and Competitive Equilibriumtheoretical
282
Tendency toward Zero Profits and Opening of the Utility Appendixtheoretical
283
First-Order Homogeneity, Marginal Products, Isoquants, and Cost Theorytheoretical
284
Utility Theory: Earlier Developments, Modern Beginnings, Utilitarianism, and Psychologyessay
285
Cardinal Utility and Consumers’ Surplusessay
286
Ordinal Utilitytheoretical
287
The Consistency Postulate and the Utility Appendix Fragmenttheoretical
288
Welfare Economicstheoretical
289
Money, Credit, and Cycles: Practical Problemschapter
290
Money, Credit, and Cycles: Analytic Worktheoretical
291
Fundamentals: Nature and Functions of Moneytheoretical
292
Knapp’s State Theory of Moneytheoretical
293
Index Number Approach: Early Work and Systematizationtheoretical
294
Index Numbers and the Role of Economic Theoriststheoretical
295
Haberler, Divisia, and Keynes on Index Numberstheoretical
296
Equation of Exchange and Quantity Approach: Setup and Definitionstheoretical
297
Distinguishing the Equation of Exchange from the Quantity Theorytheoretical
298
Purchasing Power Parity and the Mechanism of International Paymentstheoretical
299
Cash Balance Approach and the Cambridge Equationtheoretical
300
The Income Approach to the Value of Moneytheoretical
301
Banking Literature, Central Banking, and the Gap between Practice and Theorytheoretical
302
Bank Credit and the Creation of Depositstheoretical
303
Crises and Cycles: Monetary Theoriestheoretical
304
Non-Monetary Cycle Analysistheoretical
305
Part V, Chapter 1: Plan of the Partchapter
306
The Progress of Theoretical Economics During the Last Twentyfive Yearstheoretical
307
Background and Patternsessay
308
Chapter 2: Modern Theory of Consumers’ Behavior and the New Theory of Productiontheoretical
309
Theory of the Individual Firm and Monopolistic Competitiontheoretical
310
Economics in the “Totalitarian” Countrieschapter
311
Dynamics and Business Cycle Researchchapter
312
Keynes and Modern Macroeconomics: introductory appraisalchapter
313
Wider aspects of Keynes’s workchapter
314
The analytic apparatus of the General Theorychapter
315
The impact of the Keynesian messagechapter
316
Editor’s Appendix: purpose and state of the manuscriptessay
317
Known or approximate dates of typingessay
318
Overall writing order and Part Iessay
319
Part II: manuscript status, organization, and relation to Dogmengeschichteessay
320
Part II revisions: chapters 1–5essay
321
Part II chapters 6–7 and transition to Part III materialsessay
322
Part III: manuscript condition and chapter-title reconstructionessay
323
Part IV: plan and relation to Dogmengeschichteessay
324
Part IV manuscript files and unfinished sectionsessay
325
Editorial history of Chapter 7: Equilibrium Analysis, utility, welfare economics, and Walrasessay
326
Editorial history of Chapter 8: Money, credit, and cyclesessay
327
Editorial Note on Part V: Modern Developmentsessay
328
List of Books Frequently Quotedbibliography
329
Index of Authorsbibliography
330
Subject Indexbibliography