Source Readings in Economic Thought

Adam Smith advances advantage agricultural amount bullion buyers capital capitalist cause circulation coin commerce commodities competition consequently consumers consumption corn cost cultivation curve demand depends determined diminished division of labour economic economists effect employed employment England Entrepreneurs equal equilibrium exchangeable value existence export factors of production foreign gold greater higher order human important income increase indifference curves individual industry interest labour-power land landlord less manufacturing marginal material means of subsistence measure ment merchants modities monopolistic competition monopoly nation natural price necessary needs nomic oligopoly particular perfect competition physiocrats Political Economy population principle production profit proportion Proprietor purchase quantity of labour rent result revenue Ricardo rise satisfaction sell seller silver social society supply suppose surplus surplus value theory things tion trade use-value utility wages of labour wealth Wealth of Nations Welfare Economics whole