Malthus, T.R.,146Management,104Margin, danger of ignoring,57Margin of consumption,37Margin of production,52Margin of transference,94,96Marginal cost, aspects,55;misinterpretation,59;under joint supply,66Marginal land,88Marginal purchaser44Marginal utility,42;price relation to,43;under joint demand,69Market,13Marshall, Alfred,viMarx, Karl,119Mill, J. S.,86Miners,75Monetary changes, disturbances of,33Money, diminishing utility,49Monte Carlo,106Mutton.SeeWool and Mutton
Malthus, T.R.,146
Management,104
Margin, danger of ignoring,57
Margin of consumption,37
Margin of production,52
Margin of transference,94,96
Marginal cost, aspects,55;misinterpretation,59;under joint supply,66
Marginal land,88
Marginal purchaser44
Marginal utility,42;price relation to,43;under joint demand,69
Market,13
Marshall, Alfred,vi
Marx, Karl,119
Mill, J. S.,86
Miners,75
Monetary changes, disturbances of,33
Money, diminishing utility,49
Monte Carlo,106
Mutton.SeeWool and Mutton
Natural ability,152Normal conditions,36
Natural ability,152
Normal conditions,36
Occupations,150;apportionment of labor among,153Order, economic,5
Occupations,150;apportionment of labor among,153
Order, economic,5
Pasture versus tillage,97Pigou, A. C.,viPolicy, criteria,172Population,85,146Postal charges,175Poverty,131;national,128,129Price, consequences of higher,60;general relation with utility and cost,65;law of tendency,19;marginal utility and,43;post-war,61;reaction of changes in demand and supply,27;relation of demand and supply to,20;utility and,40Producers' goods,49Production, power of,125;real costs,162;waiting for,120Professions,150Profiteering,75Profits,61,177;elements,104;general analysis,117;in risky industries,110,115Protective tariff,169Psychology and economics,1Purchasers, business man,47;housewife,41,43,44,47;marginal,44Purchasing power,33,61,172
Pasture versus tillage,97
Pigou, A. C.,vi
Policy, criteria,172
Population,85,146
Postal charges,175
Poverty,131;national,128,129
Price, consequences of higher,60;general relation with utility and cost,65;law of tendency,19;marginal utility and,43;post-war,61;reaction of changes in demand and supply,27;relation of demand and supply to,20;utility and,40
Producers' goods,49
Production, power of,125;real costs,162;waiting for,120
Professions,150
Profiteering,75
Profits,61,177;elements,104;general analysis,117;in risky industries,110,115
Protective tariff,169
Psychology and economics,1
Purchasers, business man,47;housewife,41,43,44,47;marginal,44
Purchasing power,33,61,172
Railway rates,175Railways,64Rate of interest.SeeInterest rateRent,82,83;complex character,90;marginal land,89;necessity,98;rate of interest and,102Reserves,136Residuary profits,110Resources, allocation,166Risk, reward for,104;under large-scale organization,111
Railway rates,175
Railways,64
Rate of interest.SeeInterest rate
Rent,82,83;complex character,90;marginal land,89;necessity,98;rate of interest and,102
Reserves,136
Residuary profits,110
Resources, allocation,166
Risk, reward for,104;under large-scale organization,111
Satisfaction,50Saving,127,174;individual,127;involuntary,134;psychology,133;social,128School teachers,160Service,19Serving cotton,74Shareholders,135Sinking-fund,134Situation,88Smith, Adam,v,139Social grades, labor movement among,149Socialism,9,11,14,59,134,141Speculation,112-113Steel smelters,76Subsidies, industrial,169Substitutes,80Supply, reactions of price changes on,30;see alsoComposite supply; Joint supplySupply and demand, changes in, and their reaction on price,27;forces behind,37;general laws,18,29;relation of price to,20;wages and,143Supreme Allied Council,169
Satisfaction,50
Saving,127,174;individual,127;involuntary,134;psychology,133;social,128
School teachers,160
Service,19
Serving cotton,74
Shareholders,135
Sinking-fund,134
Situation,88
Smith, Adam,v,139
Social grades, labor movement among,149
Socialism,9,11,14,59,134,141
Speculation,112-113
Steel smelters,76
Subsidies, industrial,169
Substitutes,80
Supply, reactions of price changes on,30;see alsoComposite supply; Joint supply
Supply and demand, changes in, and their reaction on price,27;forces behind,37;general laws,18,29;relation of price to,20;wages and,143
Supreme Allied Council,169
Teachers,160Theory, economic,v,1Thrift,127Tillage versus pasture,97Trade cycles,34,125Trade depression,33Trade unions,144;actions,154;wage level and,156
Teachers,160
Theory, economic,v,1
Thrift,127
Tillage versus pasture,97
Trade cycles,34,125
Trade depression,33
Trade unions,144;actions,154;wage level and,156
Ultimate real costs,82,162Unearned increment,86Unemployment,168;trade union policy and,144Utility,37;cost and,165;derived,49;general relation of price, utility and cost,65;law of diminishing utility,40;law of diminishing utility as applied to money,49;marginal,42;price relation to,38,40;wealth and,170
Ultimate real costs,82,162
Unearned increment,86
Unemployment,168;trade union policy and,144
Utility,37;cost and,165;derived,49;general relation of price, utility and cost,65;law of diminishing utility,40;law of diminishing utility as applied to money,49;marginal,42;price relation to,38,40;wealth and,170
Wages, general wage level,143;trade unions and,155,156;women's,157Wages Fund,125Waiting, essence of,126;for consumption,121;for production,120Waste, economic,167,168,176Wealth, distribution,131,137,172;utility and,170"What should be" and "What is,"141Women's wages,157Wool and mutton,7,66;contrast to cotton and cotton-seed,71Workers' control,117
Wages, general wage level,143;trade unions and,155,156;women's,157
Wages Fund,125
Waiting, essence of,126;for consumption,121;for production,120
Waste, economic,167,168,176
Wealth, distribution,131,137,172;utility and,170
"What should be" and "What is,"141
Women's wages,157
Wool and mutton,7,66;contrast to cotton and cotton-seed,71
Workers' control,117