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THE THEORY OF CHOICE AND OF EXCHANGE
JOINT PRODUCTION AND CAPITALIZATION
CHANGE AND PROGRESS WITH UNCERTAINTY ABSENT
MINOR PREREQUISITES FOR PERFECT COMPETITION
IMPERFECT COMPETITION THROUGH RISK AND UNCERTAINTY
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activity actual agencies alternatives amount assume basis becomes capital chapter character commodity competition conduct connection consumption cost course deal decisions demand depends direct discussion distribution economic effect element enterprise entrepreneur equal especially estimate exchange existence fact factors field follow function fundamental future give given human important income increase individual industry interest investment involved judgment kind knowledge labor less limited loss matter means measurable merely method nature necessary objective operations organization owner particular perfect persons physical position possible practical present principle probability problem productive profit progress pure question reasoning reference regard relation relatively responsibility result risk secure seems sense separate situation social society sort supply theory things tion true uncertainty unit utility wages wants whole
Page 33 - Reduce society to a stationary state, let industry go on with entire freedom, make labor and capital absolutely mobile — as free to move from employment to employment as they are supposed to be in the theoretical world that figures in Ricardo's studies — and you will have a regime of natural values.
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Institutions, Institutional Change and Economic Performance
Douglass C. North
Limited preview - 1990