Principles and Problems of Modern Economics |
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Page 20
... fact that our values are conflicting in a certain very fundamental way . This can be illustrated by the following paradox : 9. We want efficiency so that we can be inefficient . As we remarked earlier , if our production processes were ...
... fact that our values are conflicting in a certain very fundamental way . This can be illustrated by the following paradox : 9. We want efficiency so that we can be inefficient . As we remarked earlier , if our production processes were ...
Page 58
... fact that this activity is just as important as any other economic activity can be seen by considering the fact that all economic activity consists of " merely " moving things from one place to another . The coal miner moves coal from ...
... fact that this activity is just as important as any other economic activity can be seen by considering the fact that all economic activity consists of " merely " moving things from one place to another . The coal miner moves coal from ...
Page 238
... fact , or actual accomplished saving , may turn out to be different from ex ante , or planned saving , if the income received in the period for which the plans were made turns out to be different from that which was expected . A person ...
... fact , or actual accomplished saving , may turn out to be different from ex ante , or planned saving , if the income received in the period for which the plans were made turns out to be different from that which was expected . A person ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers