The Basic Theory of Normal Prices

Abstract

I. Supply and demand, 1; interest, lending and saving, 3; a static state, 4; the meaning of equilibrium, 6. — II. Wages and profits, 6; normal prices, 7; the rate of profit, 10; the rate of growth, 12; unsteady growth, 15. — III. A model for the future, 16; the small business, 17; the large firms, 18. — Conclusion, 19.