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Outline and Summary of Price Theory: To Supplement and Amend Ely, Outlines of Economics

In: Frank H. Knight in Iowa City, 1919–1928

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  • Ross B. Emmett

Abstract

The subject for study at present is the manner in which the prices ofconsumption goods and servicesare fixedunder competition. The theory of price under monopoly is treated as a separate topic (Ely, Chapter XIII); and the theory of the prices of productive goods, that is, the theory of wages, rent, and interest, which are the prices of labor and the use of land and capital, are also treated separately under the head of Distribution. (See Ely, pp. 177–178, and Chapters XX–XXVII.)

Suggested Citation

  • Ross B. Emmett, 2011. "Outline and Summary of Price Theory: To Supplement and Amend Ely, Outlines of Economics," Research in the History of Economic Thought and Methodology, in: Frank H. Knight in Iowa City, 1919–1928, pages 393-407, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-4154(2011)000029b049
    DOI: 10.1108/S0743-4154(2011)000029B049
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