The Trend of EconomicsF.S. Crofts, 1930 - 556 páginas |
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Página 280
... marginal utility theory of value shifted attention to the side of demand , leading to the marginal productivity theory of distribution . It was observed that agents of production are wanted for their contribution to product . The prod ...
... marginal utility theory of value shifted attention to the side of demand , leading to the marginal productivity theory of distribution . It was observed that agents of production are wanted for their contribution to product . The prod ...
Página 281
... marginal productivity is es- pecially assailed , it being alleged that since all products are the joint result of all the productive agents working in inseparable com- bination , the product of one cannot be demarcated from that of an ...
... marginal productivity is es- pecially assailed , it being alleged that since all products are the joint result of all the productive agents working in inseparable com- bination , the product of one cannot be demarcated from that of an ...
Página 324
... marginal output.1 How promptly and effectively a rise in labor's productivity forces up wages depends upon how completely the de- wages . Although it is difficult to see why labor should receive less than its marginal productivity , it ...
... marginal output.1 How promptly and effectively a rise in labor's productivity forces up wages depends upon how completely the de- wages . Although it is difficult to see why labor should receive less than its marginal productivity , it ...
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THE PROSPECTS OF ECONOMICS by WESLEY CLAIR MITCHELL | 3 |
The Past | 4 |
The Future | 18 |
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Adam Smith Agassiz Alfred Marshall analysis applied assumption behavior business cycle capital cause common competition conception conclusions conscious consumers coöperation cost demand desire differential advantage distribution earnings Econ economic theory economists effect efficiency enterprise ethical fact factors field hedonism human important incentives income increase individual induction industry institutions integral interest involved John Stuart Mill knowledge labor laissez-faire laws less limited logical marginal marginal productivity marginal utility means measure method Michael Faraday motives nature nomic objective opportunity cost organization pecuniary perfect competition phenomena physical Political Economy possible practical prediction present principle probability problem production profits psychology pure quantitative question reason regulation relations Ricardo scientific social society standard statistical supply things tion true truth utility value theory Veblen wages wealth welfare welfare economics workers