Political economy

Bibliographic data

Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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

106 POLITICAL ECONOMY the home price, but at a price beneath cost of production, whatever that may mean. A dense obscurity enshrouds popular con ceptions of the problem of dumping, and rough-and-ready explanations of the matter have rather added to than detracted from the obscurity. In order properly to understand dumping it is well to distinguish at the outset between different kinds of dumping. There is, firstly, the dumping of surpluses. By a surplus we must understand a quantity of output which would never have been produced had the price for which it was necessary to sacrifice it been foreseen. In view of our inevitable ignorance of future demand, it is unavoidable that production should repeatedly exceed or fall short of the amount which would have been aimed at had coming conditions been accurately antici pated, and it is evident that the monopolist will so frame his decisions that at least he will not be short of the amount which would maximise his net gains. Consequently, sur pluses arise frequently, and are more likely than not. A few moments’ thought should convince the reader that, given such a surplus, the monopolist who is simply pursuing his self-interest would probably be well advised not to lower his home price and sell the whole

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation