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The Online Library of Liberty A Project Of Liberty Fund, Inc. Alfred Marshall, Principles of Economics (8th ed.) [1890] The Online Library Of Liberty This E-Book (PDF format) is published by Liberty Fund, Inc., a private, non-profit, educational foundation established in 1960 to encourage study of the ideal of a society of free and responsible individuals. 2010 was the 50th anniversary year of the founding of Liberty Fund. It is part of the Online Library of Liberty web site http://oll.libertyfund.org, which was established in 2004 in order to further the educational goals of Liberty Fund, Inc. To find out more about the author or title, to use the site's powerful search engine, to see other titles in other formats (HTML, facsimile PDF), or to make use of the hundreds of essays, educational aids, and study guides, please visit the OLL web site. This title is also part of the Portable Library of Liberty DVD which contains over 1,000 books and quotes about liberty and power, and is available free of charge upon request. The cuneiform inscription that appears in the logo and serves as a design element in all Liberty Fund books and web sites is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash, in present day Iraq. To find out more about Liberty Fund, Inc., or the Online Library of Liberty Project, please contact the Director at oll@libertyfund.org. LIBERTY FUND, INC. 8335 Allison Pointe Trail, Suite 300 Indianapolis, Indiana 46250-1684 Online Library of Liberty: Principles of Economics (8th ed.) Edition Used: Principles of Economics (London: Macmillan and Co. 8th ed. 1920). Author: Alfred Marshall About This Title: This is the 8th edition of what is regarded to be the first “modern” economics textbook, leading in various editions from the 19th into the 20th century. The final 8th edition was Marshall’s most-used and most-cited. PLL v6.0 (generated September, 2011) 2 http://oll.libertyfund.org/title/1676 Online Library of Liberty: Principles of Economics (8th ed.) About Liberty Fund: Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. Copyright Information: The text is in the public domain. Fair Use Statement: This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit. PLL v6.0 (generated September, 2011) 3 http://oll.libertyfund.org/title/1676 Online Library of Liberty: Principles of Economics (8th ed.) Table Of Contents Book I: Preliminary Survey. Book I, Chapter I: Introduction. Book I, Chapter II: The Substance of Economics. Book I, Chapter III: Economic Generalizations Or Laws. Book I, Chapter IV: The Order and Aims of Economic Studies. Book II: Some Fundamental Notions. Book Ii, Chapter I: Introductory. Book Ii, Chapter II: Wealth. Book Ii, Chapter III: Production. Consumption. Labour. Necessaries. Book Ii, Chapter IV: Income. Capital. Book III: On Wants and Their Satisfaction. Book Iii, Chapter I: Introductory. Book Iii, Chapter II: Wants In Relation to Activities. Book Iii, Chapter III: Gradations of Consumers' Demand. Book Iii, Chapter IV: The Elasticity of Wants. Book Iii, Chapter V: Choice Between Different Uses of the Same Thing. Immediate and Deferred Uses. Book Iii, Chapter VI: Value and Utility. Book IV: The Agents of Production. Land, Labour, Capital and Organization. Book Iv, Chapter I: Introductory. Book Iv, Chapter II: The Fertility of Land. Book Iv, Chapter III: The Fertility of Land, Continued. the Tendency to Diminishing Return. Book Iv, Chapter IV: The Growth of Population. Book Iv, Chapter V: The Health and Strength of the Population. Book Iv, Chapter VI: Industrial Training. Book Iv, Chapter VII: The Growth of Wealth. Book Iv, Chapter VIII: Industrial Organization. Book Iv, Chapter IX: Industrial Organization, Continued. Division of Labour. the Influence of Machinery. Book Iv, Chapter X: Industrial Organization, Continued. the Concentration of Specialized Industries In Particular Localities. Book Iv, Chapter XI: Industrial Organization, Continued. Production On a Large Scale. Book Iv, Chapter XII: Industrial Organization, Continued. Business Management. Book Iv, Chapter XIII: Conclusion. Correlation of the Tendencies to Increasing and to Diminishing Return. Book V: General Relations of Demand, Supply and Value. Book V, Chapter I: Introductory. On Markets. Book V, Chapter II: Temporary Equilibrium of Demand and Supply. Book V, Chapter III: Equilibrium of Normal Demand and Supply. Book V, Chapter IV: The Investment and Distribution of Resources. PLL v6.0 (generated September, 2011) 4 http://oll.libertyfund.org/title/1676
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