Price Theory

AldineTransaction Introduction vii Preface xv Preface to Price Theory: A Provisional Text xvii 1. Introduction 1 2. Theory of Demand 12 3. The "Welfare" Effects of Taxes 65 4. The Utility Analysis of Uncertainty 76 5. The Relationships Between Supply Curves and Cost Curves 85 6. The Law of Variable Proportions and a Firm's Cost Curves 130 7. Derived Demand 153 8. The Theory of Distribution with Fixed Proportions 166 9. The Theory of Marginal Productivity and the Demand for Factors of Production 176 10. Marginal Productivity Analysis: Some General Issues 194 11. The Supply of Factors of Production 201 12. Wage Determination and Unemployment 213 13. Wages in Different Occupations 238 14. Relation Between the Functional and Personal Distribution of Income 251 15. The Size Distribution of Income 262 16. Profits 279 17. The Theory of Capital and the Rate of Interest 283 Appendix A. Reading Assignments 323 B. Problems 329 Index 353