History of Economic Analysis part 130

History of Economic Analysis part 130. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | Subject index 1252 Criticized 578-84 as restatement by Malthus 578 in first edition of Essay 579 in second edition of Essay 579-80 Godwin s criticism 579n paradox of its orthodoxy 581-2 in Marshall Bohm-Bawerk and Walras 582 890 in Keynes early work 582 890n opponents of 582-3 Marx and 583 650 651n in wage-fund theory of wages 666 in Wicksell 258 582 863 890n as postulate of classical period 889 not a postulate of neo-classical period 889-90 acceptance of by neo-classical theorists 890 Malthusianism in reverse 890-91. See also Demography Population Vital Statistics Managed Currency 321-2 Manchesterism 398 765 888 Marginal Analysis Turgot and 261 s hypothesis 302-5 1054 1089 and law of diminishing returns 587 1054 1089 value and marginal firm in Ricardo 673-4 Ricardo on marginal cost and productivity 674n need for marginal principle 677 Ricardo s marginal profits 721 Clark as discoverer of 868-9 918 Wood s discovery of 869n neutrality of to social philosophy 869-70 Marginal Efficiency of Capital in aggregative analysis 278n and money rate of interest in Thornton 721 Fisher s development of 872 1177-8 and Marshall s normal profit 1049 confusion with interest rate Keynes on 1119 1178 and Wicksell s real rate of interest 1119n and old marginal productivity of capital 1144 1178n as a determinant of income in Keynes 1176 meaning of 1177-8. See also Keynesian System Marginal Productivity Principle in Long- field 464-5 674n 677 in Thunen 465-8 674n diminishing returns and emergence of 587 Ricardo and 674n Clark s injection of value judgments 870 problem of equi-requisite factors 914-15 rediscovery of 914-15 marginal physical value productivity 915 social productivities 915n 996n 998 1029-30 1042 Austrian concept 915 in non-Crusoe economy 916 Subject index 1253 Longfield s and Thünen s . Jevons and Menger s 941-2 Marshall s 941-2 as partial derivative 1036 marginal efficiency and marginal productivity 1144. See also Diminishing Marginal Productivity Law of .

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