Abstract
These are the most directly and readily observable attributes of commodities (goods and services produced for and exchanged on the market). Both price and quantity relate to a unit (piece, bushel, barrel, pound etc.), established usually by commercial practice as the customary unit of reckoning.
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
This is a preview of subscription content, log in via an institution.
Bibliography
Böhm-Bawerk, E. 1896. Zum Abschluss des Marxschen Systems. In Festgaben für Karl Knies, Berlin. Trans. Karl Marx and the Close of his System by Eugen Böhm-Bawerk, ed. P. Sweezy, Reprints of Economic Classics, New York: A.M. Kelley, 1966.
Brody, A. 1970. Proportions, prices and planning. Amsterdam: North-Holland.
Brody, A. 1985. Slowdown: Global economic maladies. Beverly Hills: Sage.
Dantzig, G. 1947. Maximization of a linear function of variables subject to linear inequalities. In Activity analysis of production and allocation, ed. T.C. Koopmans. New York/London: Wiley/Chapman, 1951.
Debreu, G. 1959. Theory of value: An axiomatic analysis of economic equilibrium, Cowles foundation monograph, vol. 17. New York: Wiley.
Gibbs, J.W. 1875. On the equilibrium of heterogeneous substances. Transactions of the Connecticut academy III, October 1875–May 1876 and May 1877–July 1878. (See also The scientific papers of J. Willard Gibbs, New York: Dover, 1961.)
Giles, R. 1964. Mathematical foundations of thermodynamics. Oxford: Pergamon Press.
Goodwin, R. 1967. A growth cycle. In Socialism, capitalism and economic growth, ed. C.H. Feinstein. Cambridge: Cambridge University Press.
Hahn, F. 1982. The neo-Ricardians. Cambridge Journal of Economics 6(4): 353–374.
Kalecki, M. 1935. A macrodynamic theory of business cycles. Econometrica 3(1): 327–344.
Kantorovich, L.V. 1940. Ob odnom effektivnon metode reshenia nekotorih klassov extremalnih problem (trans: On an efficient method to solve some classes of external problems). Dokladi Akademii Nauk SSSR 28.
Kornai, J. 1971. Anti-equilibrium. Amsterdam: North-Holland.
Kuhn, H.W., and A.W. Tucker (eds.). 1956. Linear inequalities and related systems, Annals of mathematics studies, vol. 38. Princeton: Princeton University Press.
Leontief, W. 1941. The structure of American economy 1919–1929. New York: Oxford University Press.
Marshall, A. 1920. Principles of economics, 8th ed. London: Macmillan, 1964.
Martos, B. 1975. Nonlinear programming. Theory and methods. Amsterdam: North-Holland.
Marx, K. 1867. Capital, vol. I. Moscow: Foreign Languages Publishing House, 1961.
Medvegyev, P. 1984. A general existence theorem for von Neumann economic growth models. Econometrica 52(4): 963–974.
Morishima, M. 1964. Equilibrium, stability and growth: A multisectoral analysis. Oxford: Clarendon Press.
Morishima, M. 1973. Marx’s cconomics. A dual theory of value and growth. Cambridge: Cambridge University Press.
von Neumann, J. 1928. Zur Theorie der Gesellschaftsspiele (trans: On the theory of games of strategy). In Collected Works. Oxford: Pergamon Press, 1963.
von Neumann, J. 1937. A model of general economic equilibrium. In Collected works. Oxford: Pergamon Press, 1963.
von Neumann, J., and O. Morgenstern. 1944. Theory of games and economic behavior. Princeton: Princeton University Press.
Pareto, V. 1896. Cours d ‘économie politique. In Oeuvres complètes. Geneva: Libraire Droz, 1964–7.
Ricardo, D. 1817. Principles of political economy and taxation. In Works and correspondence of David Ricardo, vol. 1, ed. P. Sraffa. Cambridge: Cambridge University Press, 1951.
Smith, A. 1776. An inquiry into the nature and causes of the wealth of nations, ed. E. Cannan. London: Methuen, 1961.
Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge: Cambridge University Press.
Thijs ten Raa. 1983. Dynamic input–output analysis with distributed activities. IFAC/IFORS Conference Reprints, Washington, DC.
Walras, L. 1874–7. Elements of pure economics or the theory of social wealth. London: Allen & Unwin, 1954.
Weierstrass, K. 1867. Zur Theorie der bilinearen und quadratischen Formen (trans: On the theory of bilinear and quadratic forms). Berlin: Monatshefte der Akademie der Wissenschaften, 310–338.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1987 The Author(s)
About this entry
Cite this entry
Brody, A. (1987). Prices and Quantities. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1843-1
Download citation
DOI: https://doi.org/10.1057/978-1-349-95121-5_1843-1
Received:
Accepted:
Published:
Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences