The Chicago Tradition in Economics 1892-1945

Adam Smith amount analysis argument assumption average cost balance of trade bullion bullionist capital cause Chart classical coin commerce commodities comparative advantage comparative costs competition concern consumption costs of production critics desire discourse doctrine of comparative economists effect employment England English essay exchange export exposition external economies factors factors of production favorable balance foreign trade free trade gold and silver hoarding Ibid important income increase individual inductive industry international trade investment J. S. Mill Jacob Viner Keynes manufactures marginal cost marginal utility measure mercantilist mercantilist doctrine merchants method modities money costs nation nomic output particular political economy precious metals Principles of political problems profit proportion ratio real costs relative result Ricardo short-run specialization supply curve terms of trade theorists theory of international theory of value tion tive tracts treasure unit utility theory value theory Viner wages wealth welfare welfare economics wheat writers