Social Economics

FOREWORD — Wesley C. Mitchell, ix 
TRANSLATOR\'S PREFACE, xiii 
AUTHOR\'S PREFACE, xvii 

INTRODUCTION, 1 
1. The Method of the Following Study, 3
2. The Division of the Subject Matter, 9

BOOK I. THEORY OF THE SIMPLE ECONOMY
3. Purpose and Power in the Economy, 18
4. Human Needs, 21
5. Gossen’s Law of the Satiety of Needs, 25
6. The Degrees of Human Needs, 29
7. The Appraisal of Future Needs, 35
8. Commodities, 39
9. Building up the Simple Economy, 43
10. The Unity of the Economy, 49
11. The Theory of Products, 53
12. The Theory of Labor, 50
13. The Theory of Capital, 62
14. The Theory of Land, 74
15. Cost Productive Means and Specific Productive Means, Cost Products and Specific Products, 81
16. Marginal Utility in the Isolated Household and the Fundamental Law of the Economic Computation of Utility, 85
17. Marginal Utility in Idealized Production, 96
18. The Law of the Cost of Production in the Simple Economy, 98
19. Changes of Costs and the Computation of Utility, 106
20. The Problem of Attribution of Yields, 111
21. Common and Specific Attributton of Yields, 119
22. The Economic Computation of Utility, 124
23. Net-Yield and the Productivtty of Capital, 129
24. Capital Computation, 135
25. Economic Value, 142

BOOK II. THEORY OF THE SOCIAL ECONOMY 
- Part I. Theory of Economic Society, 149
26. The Economic Process and the Theory of Society, 149
27. The Basic Forms of Social Action, 154
28. The Individual in Economic Society, 158
29. Social Institutions, 162
- Part II The Institutions of Exchange, 167
30. Exchange, 167
31. The Market, 171
32. The Problem of the General Doctrine of Prices, 177
33. The Fundamental Law of Price-Formation, 178
34. The Stratification of Prices, 186
35. The Demand-Index of Consumption and the Unity of the Household, 189
36. The Fundamental Law of the Change of Price, 191
37. The Formation of Prices in the Disorganized Market, 195
38. The Price of Products. I. The Supply-Index of Costs, 198
39. The Price of Products. II. The Competitive Price, 204
40. The Price of Products. III. The Monopoly of Supply, 211
41. The Price of Products. IV. The Demand-Monopoly, 218
42. The Price of Products. V. The Monopoloid Institutions, 220
43. Personal (Subjective) Value-in-Exchange 228,
44. Economic (Objective) Value-in-Exchange 233,
45. The Conclusions of the General Theory of Price, 235
46. Credit, 237
47. The Means of Payment by Credit, 242
48. The National Economic Community of Payment, 250
49. The Developed Form of Money, 258
50. The Economic (Objective) Exchange Value of Money, or the Value of Money, 262
51. The Monetary Material and the Bullion Value of Money, 265
52. The Nominal Value of Money, 272
53. The Law of Change in the Value of Gold, 279
54. The Historical Changes in the Value of Money and the Disappearance of Natural Economy, 287
55. Measuring the Value of Money, 290
56. The Money-Form of Capital, 292
57. The Process of Capital-Formation in the Money-Economy, 298
58. The Capital Market, 303
59. The Computation in Money, 304
- Part III. The Creation of the Community of Acquisition and the Formation of Income, 309
60. The Division of Labor, 309
61. The Localization of Industry, 314
62. The Economic Stratification of Society, 317
63. The Enterprise, 322
64. Social Economy and Social Income, 330
65. Agricultural Rent, 334
66. Rent of Urban Lands, 338
67. Productive Interest, 345
68. Consumptive Interest, 350
69. Entrepreneur Income and Entrepreneur Profits, 353
70. Promoter\'s Enterprise and Promoter\'s Profits, 358
71. Speculation on the Exchange and the Profits of Speculation, 363
72. The Theory of Wages, 367
73. The Formation of Wages in the Modern Labor-Market, 372
74. Yield-Wage and the Value of Labor, 380
- Part IV. The Constitution of the Private Economy, 389
75. The Constitution of the Private Economy at the Dawn of the Capitalistic Era, 389
76. The Domin ation of Capitalism in Modern National Economy, 400
77. The Theoretical Foundations for the Domestic Policy of the National-Economy of the Present Day, 408

BOOK III. THEORY OF THE STATE-ECONOMY
78. The Public Economic Process, 419
79. Value in the Economy of the State, 425
80. The Economic Principle in State Economy, 430

BOOK IV. THEORY OF THE WORLD ECONOMY
81. The World Economy, 437
82. The International Formation of Prices, 441 
83. Exchange-Value and Current Values of Money in International Trade, 444
84. The Equalization of the International Balance of Payments and the Movements of the Trade Balance, 448
85. The Development of National and World Economies, 456

ABBREVIATIONS, 463
INDEX, 465