NamebookPrinciples of Economics, Book 5: General Relations of Demand, Supply and Value
AuthorAlfred Marshall
Time7:06:55
Book annotation
Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the book in 1881, and he spent much of the next decade at work on it.
His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Summary from Wikipedia)
This reading is based on the eighth edition, published in 1920.
Introductory – On MarketsTemporary Equilibrium of Demand and SupplyEquilibrium of Normal Demand and SupplyThe Investment and Distribution of ResourcesEquilibrium of Normal Demand and Supply, ContinuedJoint and Composite Demand – Joint and Composite SupplyPrime and Total Cost in Relation To Joint ProductsMarginal Costs in Relation To ValuesMarginal Costs in Relation To Values, ContinuedMarginal Costs in Relation to Agricultural ValuesMarginal Costs in Relation to Urban ValuesEquilibrium of Normal Demand and Supply, ContinuedTheory of Changes of Normal Demand and SupplyThe Theory of MonopoliesSummary of the General Theory of Equilibrium
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