Titlebook: Economic Essays; Roy Harrod Book 1972Latest edition Roy Harrod 1972 economics

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Doctrines of Imperfect Competitions relating to Imperfect Competition that have been recently evolved.. I propose to divide this into three parts, their significance for equilibrium theory, their significance for the theory of the optimum, and their significance for trade cycle theory.

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Theory of Profiterfect competition to the general theory of profit. It seems that, since the elaboration of the doctrines of imperfect competition, some confusion regarding profit has arisen, anyhow in the minds of students. As an examiner, both in my own university and others, I have found the following tendency.

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Profiteering: An Ethical Studyh a weak one, against profiteering,. and that this sentiment has some influence on action. The entrepreneurs who testified at Oxford defended their adherence to the ‘full cost principle’, when they did adhere to it, on economic grounds — to depart from it would entail economic loss in the long run.

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The Expansion of Credit in an Advancing Community or fall in proportion to the increase in the flow of goods. Grave difficulties beset any attempt to define the general level of prices, and these apply in connexion with either desideratum. When a fall of prices is considered, the weights used in the index number of prices should, of course, be the

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,Authority, Power and the State, 1916–20, prime and supplementary costs. Two classes of case were considered, first that of pure competition, and secondly that in which ‘the source of supply is not small in relation to the whole industry’. It was maintained that in the second case the volume of output is determined by the intersection of t