Die Schweiz

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Monograph

Identifikator:: 1008917265

URN:: urn:nbn:de:zbw-retromon-19129

Document type:: Monograph

Author:: Flückiger, Otto http://d-nb.info/gnd/117736708

Title:: Die Schweiz

Edition:: Zweite Auflage

Place of publication:: Zürich

Publisher:: Druck und Verlag von Schultheß & Co.

Year of publication:: 1914

Scope:: 1 Online-Ressource (VI, 243 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Aufbau

Collection:: Economics Books

76 POLITICAL ECONOMY foregoing that the way to get larger supplies when increasing returns rules is to offer lower prices—which seems absurd and is absurd. Larger outputs are always induced by higher and never by lower prices. The explanation of the seeming absurdity is this, that when price has risen, and a larger output is got, price will begin to subside until a level lower than the old is reached. Our generalisations relate, not to immediate consequences, nor to such as appear soon, but to the con sequences which, other things being equal, must be brought about in the long period. The exact scientific implications of the long period have been laid bare in our first chapter. This will be the most suitable break in our exposition to introduce a qualifying idea, relating to all the foregoing and much that follows, an idea which has hitherto been reserved in order to avoid, in the first instance, a certain complication in the theory of price. The idea, which needs only to be stated to be admitted, is that cost of selling, as well as cost of producing proper, governs price. When therefore I speak of cost of production, in relation to the settlement of supply prices, I must be taken to include in production all those processes, whether industrial or com mercial, which are antecedent to the receipt

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