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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Paperback. Zustand: New. Print on Demand. This book establishes a framework for understanding the forces that determine the price of goods in the market. The author argues that such forces are not static but instead change as economies develop and the role of credit evolves. The book is essential reading for students of economics and anyone who wants to understand how markets work in the real world. The author takes a fresh look at demand and supply by examining goods in terms of their physical characteristics, the psychological factors of the buyer and seller, and the time at which the good is delivered and paid for. In doing so, the author reveals the profound influence of credit on the goods themselves and the functioning of the market generally. The author also examines familiar economic concepts within a broader historical context and refutes widely held assumptions about the market. This book provides a critical understanding of the key concepts of economics. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330840726_0
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330840726
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330840726
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