Book contents
- Léon Walras, Elements of Theoretical Economics
- Dedication
- Léon Walras, Elements of Theoretical Economics
- Copyright page
- Contents
- Translators’ introduction
- Preface to the second edition
- Part I Theory of Social Wealth Part I Object and divisions of economics
- Part II Theory of exchange
- Part III Theory of production
- Lesson 17 Capital and income. The three services
- Lesson 18 Elements and mechanism of production
- Lesson 19 The entrepreneur. Business accounting and inventory
- Lesson 20 Equations of production
- Lesson 21 Solution of the equations of production. Law of the determination of the prices of products and services
- Lesson 22 The principle of free competition. Law of the variation of the prices of products and services. Price curves
- Part IV Theory of capital formation and credit
- Part V Theory of money
- Part VI Price fixing, monopoly, and taxation
- Appendix I Geometrical theory of the determination of prices
- Appendix II Observations on the principle of Messrs. Auspitz’s and Lieben’s theory of prices1
- Appendix III Note on Mr. Wicksteed’s refutation of the English theory of rent1
- Index
Lesson 22 - The principle of free competition. Law of the variation of the prices of products and services. Price curves
from Part III - Theory of production
Published online by Cambridge University Press: 05 November 2014
- Léon Walras, Elements of Theoretical Economics
- Dedication
- Léon Walras, Elements of Theoretical Economics
- Copyright page
- Contents
- Translators’ introduction
- Preface to the second edition
- Part I Theory of Social Wealth Part I Object and divisions of economics
- Part II Theory of exchange
- Part III Theory of production
- Lesson 17 Capital and income. The three services
- Lesson 18 Elements and mechanism of production
- Lesson 19 The entrepreneur. Business accounting and inventory
- Lesson 20 Equations of production
- Lesson 21 Solution of the equations of production. Law of the determination of the prices of products and services
- Lesson 22 The principle of free competition. Law of the variation of the prices of products and services. Price curves
- Part IV Theory of capital formation and credit
- Part V Theory of money
- Part VI Price fixing, monopoly, and taxation
- Appendix I Geometrical theory of the determination of prices
- Appendix II Observations on the principle of Messrs. Auspitz’s and Lieben’s theory of prices1
- Appendix III Note on Mr. Wicksteed’s refutation of the English theory of rent1
- Index
- Type
- Chapter
- Information
- Léon Walras: Elements of Theoretical EconomicsOr, The Theory of Social Wealth, pp. 247 - 256Publisher: Cambridge University PressPrint publication year: 2014