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Principles of economics /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Principles of economics /Alfred Marshall.
Author:	Marshall, Alfred,
Description:	1 online resource.
Subject:	Economics.
Online resource:	https://link.springer.com/book/10.1057/9781137375261
ISBN:	1137375264 (electronic bk.)

Principles of economics /
Marshall, Alfred,1842-1924,

Principles of economics /Alfred Marshall. - 1 online resource. - Palgrave classics in economics. - Palgrave classics in economics..

BOOK I: PRELIMINARY SURVEY -- 1. Introduction -- 2. The Substance of Economics -- 3. Economic Generalizations or Laws -- 4. The Order and Aims of Economic Studies -- BOOK II: SOME FUNDAMENTAL NOTIONS -- 1. Introductory -- 2. Wealth -- 3. Production, Consumption, Labour, Necessaries -- 4. Income. Capital. -- BOOK III: ON WANTS AND THEIR SATISFACTION -- 1. Introductory -- 2. Wants in Relation to Activities -- 3. Gradations of consumers' demand -- 4. The elasticity of wants -- 5. Choice between different uses of the same thing. Immediate and deferred uses. -- 6. Value and utility -- BOOK IV: THE AGENTS OF PRODUCTION. LAND, LABOUR, CAPITAL AND ORGANIZATION T -- 1. Introductory -- 2. The Fertility of Land -- 3. The Fertility of Land, continued. The Tendency to Diminishing Return. -- 4. The Growth of Population -- 5. The Health and Strength of the Population -- 6. Industrial Training. -- 7. The Growth of Wealth -- 8. Industrial Organization -- 9. Industrial Organization, continued. Division of Labour. The Influence of Machinery -- 10. Industrial Organization, continued. The Concentration of the Specialized Industries in Particular Localities. -- 11. Industrial Organization, continued. Production on a Large Scale -- 12. Industrial Organization, continued. Business Management. -- 13. Conclusion. Correlation of the Tendencies to Increasing and to Diminishing Return -- BOOK V: GENERAL RELATIONS OF DEMAND, SUPPLY, AND VALUE -- 1. Introductory. On Markets. -- 2. Temporary Equilibrium of Demand and Supply -- 3. Equilibrium of Normal Demand and Supply -- 4. The Investment and Distribution of Resources -- 5. Equilibrium of Normal Demand and Supply, continued, with reference to long and short periods -- 6. Joint and Composite Demand. Joint and Composite Supply -- 7. Prime and total cost in relation to joint products. Cost of marketing. Insurance against risk. Cost of Reproduction. -- 8. Marginal costs in relation to values. General Principles. -- 9. Marginal costs in relation to values. General Principles, continued -- 10. Marginal costs in relation to agricultural values -- 11. Marginal costs in relation to urban values -- 12. Equilibrium of normal demand and supply, continued, with reference to the law of increasing return -- 13. Theory of changes of normal demand and supply, in relation to the doctrine of maximum satisfaction -- 14. The theory of monopolies -- 15. Summary of the general theory of equilibrium of demand and supply -- BOOK VI: THE DISTRIBUTION OF THE NATIONAL INCOME -- 1. Preliminary survey of distribution -- 2. Preliminary survey of distribution, continued -- 3. Earnings of labour -- 4. Earnings of labour, continued -- 5. Earnings of labour, continued -- 6. Interest of capital -- 7. Profits of capital and business power -- 8. Profits of capital and business power, continued -- 9. Rent of land -- 10. Land tenure -- 11. General view of distribution -- 12. General influences of progress on value -- 13. Progress in relation to standards of life.

Originally published in 1890, Principles of Economics was the first text to bring together the theories of supply and demand, marginal utility and cost of production into a coherent whole. It introduced a number of new concepts which have formed the building blocks of modern microeconomics and underpin modern day business strategy. Concepts such as; elasticity of demand - how consumer demand for a good or service is affected by a change in its price; consumer surplus - the difference between the maximum price a consumer is willing to pay and the price that they actually pay and quasi-rent - the profit made in the short-term from a product/innovation due to a reduction in supply. Over 100 years after its original publication Principles of Economics continues to influence economic and business strategy. This re-issued classic contains a new introduction by Professor Peter Groenewegen who explores the profound impact that this critical work has had on economic and business thinking.

ISBN: 1137375264 (electronic bk.)

Source: 405918Palgrave Macmillanhttp://www.palgraveconnect.comSubjects--Topical Terms:

175999
Economics.
Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HB171

Dewey Class. No.: 330

Principles of economics /
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505 0 $a BOOK I: PRELIMINARY SURVEY -- 1. Introduction -- 2. The Substance of Economics -- 3. Economic Generalizations or Laws -- 4. The Order and Aims of Economic Studies -- BOOK II: SOME FUNDAMENTAL NOTIONS -- 1. Introductory -- 2. Wealth -- 3. Production, Consumption, Labour, Necessaries -- 4. Income. Capital. -- BOOK III: ON WANTS AND THEIR SATISFACTION -- 1. Introductory -- 2. Wants in Relation to Activities -- 3. Gradations of consumers' demand -- 4. The elasticity of wants -- 5. Choice between different uses of the same thing. Immediate and deferred uses. -- 6. Value and utility -- BOOK IV: THE AGENTS OF PRODUCTION. LAND, LABOUR, CAPITAL AND ORGANIZATION T -- 1. Introductory -- 2. The Fertility of Land -- 3. The Fertility of Land, continued. The Tendency to Diminishing Return. -- 4. The Growth of Population -- 5. The Health and Strength of the Population -- 6. Industrial Training. -- 7. The Growth of Wealth -- 8. Industrial Organization -- 9. Industrial Organization, continued. Division of Labour. The Influence of Machinery -- 10. Industrial Organization, continued. The Concentration of the Specialized Industries in Particular Localities. -- 11. Industrial Organization, continued. Production on a Large Scale -- 12. Industrial Organization, continued. Business Management. -- 13. Conclusion. Correlation of the Tendencies to Increasing and to Diminishing Return -- BOOK V: GENERAL RELATIONS OF DEMAND, SUPPLY, AND VALUE -- 1. Introductory. On Markets. -- 2. Temporary Equilibrium of Demand and Supply -- 3. Equilibrium of Normal Demand and Supply -- 4. The Investment and Distribution of Resources -- 5. Equilibrium of Normal Demand and Supply, continued, with reference to long and short periods -- 6. Joint and Composite Demand. Joint and Composite Supply -- 7. Prime and total cost in relation to joint products. Cost of marketing. Insurance against risk. Cost of Reproduction. -- 8. Marginal costs in relation to values. General Principles. -- 9. Marginal costs in relation to values. General Principles, continued -- 10. Marginal costs in relation to agricultural values -- 11. Marginal costs in relation to urban values -- 12. Equilibrium of normal demand and supply, continued, with reference to the law of increasing return -- 13. Theory of changes of normal demand and supply, in relation to the doctrine of maximum satisfaction -- 14. The theory of monopolies -- 15. Summary of the general theory of equilibrium of demand and supply -- BOOK VI: THE DISTRIBUTION OF THE NATIONAL INCOME -- 1. Preliminary survey of distribution -- 2. Preliminary survey of distribution, continued -- 3. Earnings of labour -- 4. Earnings of labour, continued -- 5. Earnings of labour, continued -- 6. Interest of capital -- 7. Profits of capital and business power -- 8. Profits of capital and business power, continued -- 9. Rent of land -- 10. Land tenure -- 11. General view of distribution -- 12. General influences of progress on value -- 13. Progress in relation to standards of life.
520 $a Originally published in 1890, Principles of Economics was the first text to bring together the theories of supply and demand, marginal utility and cost of production into a coherent whole. It introduced a number of new concepts which have formed the building blocks of modern microeconomics and underpin modern day business strategy. Concepts such as; elasticity of demand - how consumer demand for a good or service is affected by a change in its price; consumer surplus - the difference between the maximum price a consumer is willing to pay and the price that they actually pay and quasi-rent - the profit made in the short-term from a product/innovation due to a reduction in supply. Over 100 years after its original publication Principles of Economics continues to influence economic and business strategy. This re-issued classic contains a new introduction by Professor Peter Groenewegen who explores the profound impact that this critical work has had on economic and business thinking.
588 $a Description based on print version record.
650 0 $a Economics. $3 175999
650 7 $a BUSINESS & ECONOMICS / Economics / General $2 bisacsh $3 564385
650 7 $a BUSINESS & ECONOMICS / Reference $2 bisacsh $3 564386
655 4 $a Electronic books. $2 local. $3 214472
776 0 8 $i Print version: $a Marshall, Alfred, 1842-1924, author. $t Principles of economics $z 9780230249295 $w (OCoLC)858310133
830 0 $a Palgrave classics in economics. $3 687398
856 4 0 $3 Palgrave Connect $u https://link.springer.com/book/10.1057/9781137375261