Der Handelskrieg von England, Frankreich und Italien gegen Deutschland und Österreich-Ungarn

Die Eingliederung der vertriebenen Elsass-Lothringer in das deutsche Wirtschaftsleben im Augenblick seines Tiefstandes

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Monograph

Identifikator:: 1047609576

URN:: urn:nbn:de:zbw-retromon-77392

Document type:: Monograph

Author:: Curti, Arthur http://d-nb.info/gnd/1089578180

Title:: Der Handelskrieg von England, Frankreich und Italien gegen Deutschland und Österreich-Ungarn

Place of publication:: Berlin

Publisher:: Carl Heymanns Verlag

Year of publication:: 1917

Scope:: XII, 146 Seiten

Digitisation:: 2019

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: II. Teil. Frankreich

Collection:: Economics Books

SUPPLY AND DEMAND 77 of the thing produced by the person whose consequent disbursement makes the price that we are studying. The theory of which the presentment is now finished, concerning the determination of the prices of things, is unquestionably sound in substance and moreover sufficient as a rough working engine. But it will not do, in the form in which it has been presented, as a final account of the matter. It is incom plete. It ascribes the settlement of the price of a reproducible thing to tendencies for demand price on the one hand, and the average cost of production (meaning cost of production per unit of output) of the marginal firm on the other hand, to attain equivalence : but it leaves unexplained the position of the margin so conceived and the determination of the output of the marginal firm which helps to settle its average cost of production. Why, for example, in the case of the braid industry, taken at the beginning of this chapter, should there be four firms producing braid ? Why not three firms, each firm producing more, so that the marginal firm would be the third in efficiency instead of the fourth ? In this event, there being greater efficiency in the marginal firm presumably, would not mar-

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