Political economy

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Monograph

Identifikator:: 1784950556

URN:: urn:nbn:de:zbw-retromon-170296

Document type:: Monograph

Author:: Syrup, Friedrich http://d-nb.info/gnd/130044288

Title:: Regelung des Arbeitsschutzes insbesondere der Arbeitszeit nach den zur Zeit gültigen Gesetzen und Verordnungen (nebst Ausführungsanweisungen) und dem Entwurf des Arbeitsschutzgesetzes (in der vom Reichsrat beschlossenen Fassung)

Place of publication:: Berlin

Publisher:: Verlag von Reimar Hobbing

Year of publication:: 1928

Scope:: 224 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Teil B. Die Arbeitsschutzbestimmungen der Gewerbeordnung und ihrer Nebenverordnungen

Collection:: Economics Books

POLITICAL ECONOMY 40 12s., I would buy two pounds ; if 9s., four pounds ; if 6s., five pounds, and so on. We therefore realize that there is one almost universal law of demand, namely, that the lower the price of a thing which can be bought in any quantity, large or small, the more will any person buy of it if he buys any at all. In framing this law we must be particular to bear in mind that demand does not indicate just a quantity of the thing demanded, nor just a price, but on the contrary, many quantities and many prices, and even more, namely, the relations between quantities and prices. And we must be equally particular to remember (if we care about secure founda tions) what has been said a few pages back concerning utility, and bear in mind that demands simply measure the ratios between preferences. So I should feel inclined to repeat my description of demands as “quantitative objective definitions of preferences,” had not one or two critics opined that the unsophis ticated would be unlikely to understand what the statement means. At this point the distinction may be drawn between private or individual demand on the one hand and public, collective, compound or market demand on the other hand. The latter means the demands of all the people who

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