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acceleration principle adaptive expectations agents aggregate aggregate demand agricultural allocation analysis arbitrage arbitrage pricing theory Arrow-Debreu Arrow-Debreu model asset pricing assumed assumption auction Austrian Austrian School Bank Bank of England behaviour BIBLIOGRAPHY Bohm-Bawerk bullionist business cycle Cambridge capital capitalist classical commodities competitive concept consumption costs demand distribution Econometrica economic theory economists effects empirical equilibrium Essays example exchange expected expenditure factor factor of production finance firm growth important income increase individual industry inputs interest rate investment Journal of Economics Keynes Keynesian labour London Macmillan macroeconomic marginal Marx mathematical maximize monetary neoclassical optimal output Pareto Pareto optimal Political Economy population portfolio positive preferences problem production profit rational expectations relation result Ricardo risk role social society Statistics structure supply surplus theorem trade University Press variables vector wages Walras York