Hubert D. Henderson.

Supply and Demand online

. (page 13 of 13)
Online LibraryHubert D. HendersonSupply and Demand → online text (page 13 of 13)
Font size
QR-code for this ebook


impartial judge, who can take into account the finest points of
skill. So it is in the world of business. The scoring-board of profits
may be an imperfect one; let us, by all means, where we can, alter the
rules of the game so as to make it better. But let us not imagine that
it displays a finer insight or a superior intellect to speak as though
the scoring-board could be dispensed with, and the test of profit and
loss treated as irrelevant. Quantitative measurement is essential to
efficiency. Let us be careful to remember all that this implies.


INDEX


Ability
Accountancy
Allocation of resources
Ambiguities
Australasia

Bastiat, Frederic
Beef and hides
Borrowing and lending, system of
Business efficiency
Business man as a purchaser
Business risk

Capital;
as representing a period of waiting;
distribution;
distribution and rate of interest;
effect on labor of an increased supply;
not a stock of consumable goods;
reaction of price charges on;
reflections upon;
supply;
supply as affected by charges in interest rate
Capital goods
Capital market
Capitalism
Capitalist
Chance
Coal industry, cost of production and price;
miners' wages
Coats, J. & P.
Collective saving
Commodities;
labor as a commodity
Competition
Composite demand
Composite supply
Consumable goods
Consumers' goods and producers' goods
Consumption, margin of;
waiting for
Control and risk-taking
Controversy
Co√ґperation;
unorganized
Cost, general relation of price, utility and cost;
price relation to;
rent as factor in real costs;
ultimate;
utility and
Cotton and cotton-seed;
contrast to wool and mutton
Cotton industry
Criteria of policy
Currency inflation
Cycles

Demand, ambiguity of expression "increase in demand,";
derived;
elastic and inelastic;
_see also_ Composite demand; Joint demand; Supply and demand
Derived demand
Derived utility
Diagrams, use of
Diminishing utility;
money and
Directors
Distribution of wealth;
interest rate and
Dividends
Division of labor

Economic laws;
fundamental character
Economic theory;
fact and
Economic world, orderly nature
Education
Efficiency
Elastic demand
Employers' associations
Enterprise
Entrepreneur
"Equal pay for equal work,"
Expectation

Fact and theory
Farmers
Fortunes

Gambling
Government, enterprises;
failings

Hides and beef
Houses
Housewife as purchaser
Housing

Ideas and institutions
Incompetents
Increase in demand, ambiguity
Index numbers
Inelastic demand
Inflation
Institutions and ideas
Insurance companies;
significance
Interest;
necessity of
Interest rate;
changes and their effect on supply of capital;
distribution and;
price of land and
Intuition

Joint demand;
importance of the unimportant;
marginal utility under;
summary of considerations
Joint products;
cost of production
Joint-stock company
Joint supply, marginal cost under;
summary of considerations

Keynes, J. M.

Labor;
apportionment among occupations;
apportionment among places;
apportionment among social grades;
as a commodity;
cost, difficulty of estimating;
division;
effect of increased supply of capital;
four grades;
mobility;
product of;
reaction of price changes on;
supply in general
_Laissez-faire_;
retrospect on
Land, characteristics;
differential aspect;
margin of transference;
marginal;
price and rent, relation;
question of real costs;
scarcity aspect;
supply;
tenure;
urban;
_see also_ Rent
Landlords
Large scale business
Laws, fundamental

Malthus, T.R.
Management
Margin, danger of ignoring
Margin of consumption
Margin of production
Margin of transference
Marginal cost, aspects;
misinterpretation;
under joint supply
Marginal land
Marginal purchaser
Marginal utility;
price relation to;
under joint demand
Market
Marshall, Alfred
Marx, Karl
Mill, J. S.
Miners
Monetary changes, disturbances of
Money, diminishing utility
Monte Carlo
Mutton. _See_ Wool and Mutton

Natural ability
Normal conditions

Occupations;
apportionment of labor among
Order, economic

Pasture versus tillage
Pigou, A. C.
Policy, criteria
Population
Postal charges
Poverty;
national
Price, consequences of higher;
general relation with utility and cost;
law of tendency;
marginal utility and;
post-war;
reaction of changes in demand and supply;
relation of demand and supply to;
utility and
Producers' goods
Production, power of;
real costs;
waiting for
Professions
Profiteering
Profits;
elements;
general analysis;
in risky industries
Protective tariff
Psychology and economics
Purchasers, business man;
housewife;
marginal
Purchasing power

Railway rates
Railways
Rate of interest. _See_ Interest rate
Rent;
complex character;
marginal land;
necessity;
rate of interest and
Reserves
Residuary profits
Resources, allocation
Risk, reward for;
under large-scale organization

Satisfaction
Saving;
individual;
involuntary;
psychology;
social
School teachers
Service
Serving cotton
Shareholders
Sinking-fund
Situation
Smith, Adam
Social grades, labor movement among
Socialism
Speculation
Steel smelters
Subsidies, industrial
Substitutes
Supply, reactions of price changes on;
_see also_ Composite supply; Joint supply
Supply and demand, changes in, and their reaction on price;
forces behind;
general laws;
relation of price to;
wages and
Supreme Allied Council

Teachers
Theory, economic
Thrift
Tillage versus pasture
Trade cycles
Trade depression
Trade unions;
actions;
wage level and

Ultimate real costs
Unearned increment
Unemployment;
trade union policy and
Utility;
cost and;
derived;
general relation of price, utility and cost;
law of diminishing utility;
law of diminishing utility as applied to money;
marginal;
price relation to;
wealth and

Wages, general wage level;
trade unions and;
women's
Wages Fund
Waiting, essence of;
for consumption;
for production
Waste, economic
Wealth, distribution;
utility and
"What should be" and "What is,"
Women's wages
Wool and mutton;
contrast to cotton and cotton-seed
Workers' control







1 2 3 4 5 6 7 8 9 10 11 13

Online LibraryHubert D. HendersonSupply and Demand → online text (page 13 of 13)