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Principles of Economics, Book 5: General Relations of Demand, Supply and Value

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Principles of Economics was a leading economics textbook of Alfred Marshall (1842-1924), first published in 1890. Marshall began writing the book in 1881, and he spent much of the next decade at work on it.

His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. It brought the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole, and became the dominant economic textbook in England for a long period. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. (Summary from Wikipedia)

This reading is based on the eighth edition, published in 1920. (7 hr 6 min)

Chapters

Introductory – On Markets

18:26

Read by Carl Manchester

Temporary Equilibrium of Demand and Supply

11:13

Read by Scott Sherris

Equilibrium of Normal Demand and Supply

30:43

Read by BethAnne

The Investment and Distribution of Resources

32:03

Read by icyjumbo (1964-2010)

Equilibrium of Normal Demand and Supply, Continued

1:04:26

Read by webround

Joint and Composite Demand – Joint and Composite Supply

20:30

Read by Jeff Clough

Prime and Total Cost in Relation To Joint Products

25:30

Read by marukoftu

Marginal Costs in Relation To Values

19:09

Read by Sibella Denton

Marginal Costs in Relation To Values, Continued

36:43

Read by BethAnne

Marginal Costs in Relation to Agricultural Values

44:44

Read by BethAnne

Marginal Costs in Relation to Urban Values

41:19

Read by BethAnne

Equilibrium of Normal Demand and Supply, Continued

12:46

Read by Sibella Denton

Theory of Changes of Normal Demand and Supply

21:23

Read by Sibella Denton

The Theory of Monopolies

30:13

Read by Sibella Denton

Summary of the General Theory of Equilibrium

17:47

Read by Sibella Denton