PRICE FLEXIBILITY AND EMPLOYMENT

by
OSCAR LANGE
The Principia Press, Inc.
Bloomington, Indiana
1944
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TABLE OF CONTENTS

Preface   (Preliminary pages)
Chapter  Page 
I. Introduction (Chapters I-VII)
II. Partial-Equilibrium Theory
III. General-Equilibrium Theory
IV. Analysis of the Monetary Effect 13 
V. Price Expectations 20 
VI. Uncertainty 29 
VII. Imperfect Competition 35 
VIII. International Trade  (Chapters VIII-XIII) 45 
IX. Changes in the Propensity to Consume 51 
X. Changes in the Propensity to Consume (continued) 57 
XI. Capital Accumulation and Investment Opportunities 67 
XII. Innovations 71 
XIII. The Problem of Policy 83 

APPENDIX: THE STABILITY OF ECONOMIC EQUILIBRIUM

1. The Hicksian Conditions 91 
2. Dynamic Stability Conditions 94 
3. Implications of the Validity of the Hicksian Conditions 97 
4. Homogeneous Systems 99 
5. The Law of Composition of Goods 103 
6. Imperfect Competition 107 

INDEXES

 
Index of Names 111 
General Index 112