1st Edition

The Stationary Economy (Routledge Revivals)
Principles of Political Economy Volume I

ISBN 9780415621748
Published October 21, 2013 by Routledge
238 Pages

USD $46.95

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Book Description

First published in 1965, this is a reissue of the first volume in Professor Meade’s highly influential Principles of Political Economy, which aimed to provide an overview of economic analysis in light of contemporary developments in the subject. This volume is based on models of economic systems in which conditions are such as to make possible a state of perfect competition, in which there are no capital goods, in which consumers’ tastes, technical knowledge, and the size and composition of the goods are static.

Table of Contents

1. Ten Assumpions  2. Consumers’ Choice  3. The Market for Consumption Goods  4. The Terms of Trade  5. Constant Costs   6. Increasing Costs: (i) Comparative Advantages 7. Increasing Costs: (ii) A Fixed Factor  8. Increasing Costs: (iii) Differences in Factor Proportions  9. Many Factors and Many Products  10. Changes in Technical Knowledge and in Factor Supplies  11. Fixed Technical Co-efficients  12. Economic Efficiency and the Distribution of Income  13. The Centrally Planned Economy: (i) The Organization of Consumption  14. The Centrally Planned Economy: (ii) The Organization of Production  15. The Centrally Planned Economy: (iii) The Deployment of Labour – Conclusion

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