The Economics of the Short Period

The foundations of the treatment of the short period were laid by Marshall, and it is his discussion of the concept in "Principles" and his conception of quasi-rent which, together with the additions of later economists, provide the material upon which the author elaborates here.

Inhalt
Definitions; the supply schedule of a single firm under perfect competition; the effects of a loss; supply schedule of an industry under perfect competition; shape of the prime cost curves; further consideration of a state of perfect competition; imperfection of the market; equilibrium in an imperfect market; mathematical treatment of the equilibrium of an industry in an imperfect market; changes in prime cost and in hours in an imperfect market; the business man is not a true economic man; the corporate instinct; de-rating.