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The Demand and Supply Concepts; An Introduction to the Study of Market Price: A Dissertation Submitted to the Faculty of the Graduate School of Arts and Literature in Candidacy for the Degree of Doctor of Philosophy (Department of Political Economy)
The Demand and Supply Concepts; An Introduction to the Study of Market Price: A Dissertation Submitted to the Faculty of the Graduate School of Arts and Literature in Candidacy for the Degree of Doctor of Philosophy (Department of Political Economy) in Bloomington, MN
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Excerpt from The Demand and Supply Concepts; An Introduction to the Study of Market Price: A Dissertation Submitted to the Faculty of the Graduate School of Arts and Literature in Candidacy for the Degree of Doctor of Philosophy (Department of Political Economy)
If proof and illustration of this statement are needed, they may be found in the current conception and solution of any typi cal problem in the field of economic theory. Take, for example, the problem of wages. Whether the view of the classical English writers, or that of the Austrian school, or of the group of eclectic writers best represented by Alfred Marshall, be taken, the wage question is considered altogether as a static problem, its solution is undertaken solely by the method of equilibrium of forces, and the analysis of the conditions which determine wages shows a defective, and one might almost say an archaic, conception of the present-day economic situation.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
If proof and illustration of this statement are needed, they may be found in the current conception and solution of any typi cal problem in the field of economic theory. Take, for example, the problem of wages. Whether the view of the classical English writers, or that of the Austrian school, or of the group of eclectic writers best represented by Alfred Marshall, be taken, the wage question is considered altogether as a static problem, its solution is undertaken solely by the method of equilibrium of forces, and the analysis of the conditions which determine wages shows a defective, and one might almost say an archaic, conception of the present-day economic situation.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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