| Acknowledgements |
|
xiii | |
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PART I TEACHING AND DOING PRICE THEORY AT CHICAGO |
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1 Arthur I. Bloomfield (1992), `On the Centenary of Jacob Viner's Birth: A Retrospective View of the Man and His Work', Journal of Economic Literature, XXX (4), December, 2052-85 |
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3 | (34) |
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2 Don Patinkin (1973), `Frank Knight as Teacher', American Economic Review, 63 (5), December, 787-810 |
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37 | (24) |
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3 George J. Stigler (1973), `Frank Knight as Teacher', Journal of Political Economy, 81 (3), May-June, 518-20 |
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61 | (3) |
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4 David I. Fand (1999), `Friedman's Price Theory: Economics 300 at the University of Chicago in 1947-1951', in J. Daniel Hammond (ed.), The Legacy of Milton Friedman as Teacher, Volume I,
Chapter 2, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing Ltd, 309-21 |
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64 | (13) |
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5 Gary S. Becker (1999), `Milton Friedman, 1912-', in J. Daniel Hammond (ed.), The Legacy of Milton Friedman as Teacher, Volume I,
Chapter 4, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing Ltd, 138, 140-146 |
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77 | (8) |
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6 Thomas Sowell (1993), `A Student's Eye View of George Stigler', Journal of Political Economy, 101 (5), October, 784-92 |
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85 | (9) |
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7 Harold Demsetz (1993), `George J. Stigler: Midcentury Neoclassicalist with a Passion to Quantify', Journal of Political Economy, 101 (5), October, 793-808 |
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94 | (16) |
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8 Victor R. Fuchs (1994), `Nobel Laureate: Gary S. Becker: Ideas About Facts', Journal of Economic Perspectives, 8 (2), Spring, 183-92 |
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110 | (10) |
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9 Sherwin Rosen (1993), `Risks and Rewards: Gary Becker's Contributions to Economies', Scandinavian Journal of Economics, 95 (1), March, 25-36 |
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120 | (12) |
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10 Melvin W. Reder (1982), `Chicago Economics: Permanence and Change', Journal of Economic Literature, XX (1), March, 1-38 |
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132 | (41) |
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PART II METHODOLOGY AND ECONOMIC SYSTEMS |
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11 Frank H. Knight ([ 1933] 1951), `Social Economic Organization', in The Economic Organization,
Chapter 1, New York, NY: Augustus M. Kelley, Inc., 3-30 |
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173 | (28) |
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12 Frank H. Knight ([ 1935] 1951), `Statics and Dynamics', in The Ethics of Competition and Other Essays,
Chapter VI, New York, NY: Augustus M. Kelley, Inc., 161-85 |
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|
201 | (25) |
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13 Jacob Viner (1941), `Marshall's Economics, in Relation to the Man and to His Times', American Economic Review, XXXI (2), June, 223-35 |
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226 | (13) |
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14 F.A. Hayek (1945), `The Use of Knowledge in Society', American Economic Review, XXXV (4), September, 519-30 |
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239 | (12) |
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15 Milton Friedman (1953), `The Methodology of Positive Economics', in Essays in Positive Economics, Part 1, Chicago, IL and London, UK: Chicago University Press, 3-43 |
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251 | (41) |
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16 Gary S. Becker (1976), `The Economic Approach to Human Behavior', in The Economic Approach to Human Behavior,
Chapter 1, Chicago, IL and London, UK: Chicago University Press, 3-14, references |
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292 | (13) |
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17 George J. Stigler and Gary S. Becker (1977), `De Gustibus Non Est Disputandum', American Economic Review, 67 (2), March, 76-90 |
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305 | (18) |
|
PART III THE THEORY OF DEMAND AND CONSUMER BEHAVIOUR |
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|
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18 Alfred Marshall ([ 1890] 1920), `Gradations of Consumers' Demand', in Principles of Economics, Book III,
Chapter III, London, UK and New York, NY: Macmillan and Co., 92-101 |
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323 | (10) |
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19 Frank H. Knight (1921), `The Theory of Choice and of Exchange', in Risk, Uncertainty, and Profit,
Chapter 3, Boston, MA and New York, NY: Houghton Mifflin Company, 51-93 |
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333 | (43) |
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20 Jacob Viner (1925), `The Utility Concept in Value Theory and its Critics', Journal of Political Economy, 33 (4), August, 369-87 |
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376 | (19) |
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21 Jacob Viner (1925), `The Utility Concept in Value Theory and its Critics: II. The Utility Concept in Welfare Economics', Journal of Political Economy, 33 (6), December, 638-59 |
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395 | (22) |
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22 Frank H. Knight (1925), `Economic Psychology and the Value Problem', Quarterly Journal of Economics, 39 (3), May, 372-409 |
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417 | (38) |
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23 Henry Schultz (1930), `Development of the Demand Concept', in The Meaning of Statistical Demand Curves,
Chapter 1, Chicago, IL: University of Chicago Press, 1-10, reset |
|
|
455 | (5) |
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24 W. Allen Wallis and Milton Friedman (1942), `The Empirical Derivation of Indifference Functions', in Oscar Lange, Francis McIntyre and Theodore O. Yntema (eds), Studies in Mathematical Economics and Econometrics: In Memory of Henry Schultz, Chicago, IL: University of Chicago Press, 175-89 |
|
|
460 | (15) |
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25 Milton Friedman and L.J. Savage (1948), `The Utility Analysis of Choices Involving Risk', Journal of Political Economy, LVI (4), August, 279-304 |
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475 | (26) |
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26 Milton Friedman (1949), `The Marshallian Demand Curve', Journal of Political Economy, LVII (6), December, 463-95 |
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501 | (33) |
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27 Milton Friedman and L.J. Savage (1952), `The Expected-Utility Hypothesis and the Measurability of Utility', Journal of Political Economy, LX (6), December, 463-74 |
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534 | (12) |
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28 Armen A. Alchian (1953), `The Meaning of Utility Measurement', American Economic Review, 43 (1), March, 26-50 |
|
|
546 | (25) |
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29 Milton Friedman (1957), `Consistency of the Permanent Income Hypothesis with Existing Evidence on the Relation between Consumption and Income: Budget Studies', A Theory of the Consumption Function,
Chapter IV, Princeton, NJ: Princeton University Press, 38-114 |
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571 | (77) |
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30 George J. Stigler (1961), `The Economics of Information', Journal of Political Economy, LXIX (3), June, 213-25 |
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|
648 | (13) |
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31 Zvi Griliches (1961), `Hedonic Price Indexes for Automobiles: An Econometric Analysis of Quality Change', in The Price Statistics of the Federal Government: Review, Appraisal, and Recommendations, Washington, DC: National Bureau of Economic Research, Inc., 173-96 |
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661 | (24) |
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32 Gary S. Becker (1962), `Irrational Behavior and Economic Theory', Journal of Political Economy, LXX (1), February, 1-13 |
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685 | (13) |
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33 Lester G. Telser (1962), `The Demand for Branded Goods as Estimated from Consumer Panel Data', Review of Economics and Statistics, 44 (3), August, 300-324 |
|
|
698 | (25) |
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34 Margaret G. Reid (1963), `Consumer Response to the Relative Price of Store versus Delivered Milk', Journal of Political Economy, 71 (2), April, 180-86 |
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|
723 | (7) |
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35 Gary S. Becker (1965), `A Theory of the Allocation of Time', Economic Journal, LXXV (299), September, 493-517 |
|
|
730 | (25) |
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36 Robert T. Michael and Gary S. Becker (1973), `On the New Theory of Consumer Behavior', Swedish Journal of Economics, 75 (4), December, 378-96 |
|
|
755 | (19) |
|
37 Gary S. Becker (1974), `A Theory of Social Interactions', Journal of Political Economy, 82 (6), November-December, 1063-93 |
|
|
774 | (31) |
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38 Sherwin Rosen (1974), `Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition', Journal of Political Economy, 82 (1), January-February, 34-55 |
|
|
805 | (22) |
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39 Gary S. Becker (1976), `Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology', Journal of Economic Literature, 14 (3), September, 817-26 |
|
|
827 | |
| Acknowledgements |
|
ix | |
| An introduction by the editors to all three volumes appears in Volume I |
|
|
PART I PRODUCTION, COSTS AND SUPPLY |
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|
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1 F.H. Knight (1917), `The Concept of Normal Price in Value and Distribution', Quarterly Journal of Economics, 32 (1), November, 66-100 |
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3 | (35) |
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2 F.H. Knight (1921), `Cost of Production and Price over Long and Short Periods', Journal of Political Economy, 29 (4), April, 304-35 |
|
|
38 | (32) |
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3 J. Maurice Clark (1923), `Different Costs for Different Purposes: An Illustrative Problem', Studies in the Economics of Overhead Costs,
Chapter IX, Chicago, IL: Chicago University Press, 175-203 |
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|
70 | (29) |
|
4 Frank H. Knight (1923), `The Ethics of Competition', Quarterly Journal of Economics, 37 (4), August, 579-624 |
|
|
99 | (46) |
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5 Jacob Viner (1925), `Objective Tests of Competitive Price Applied to the Cement Industry', Journal of Political Economy, 33 (1), February, 107-11 |
|
|
145 | (5) |
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6 Frank H. Knight (1925), `On Decreasing Cost and Comparative Cost', Quarterly Journal of Economics, 39 (2), February, 331-33 |
|
|
150 | (3) |
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7 Charles W. Cobb and Paul H. Douglas (1928), `A Theory of Production', American Economic Review, 18 (1), March, 139-65 |
|
|
153 | (27) |
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8 Jacob Viner (1931), `Cost Curves and Supply Curves', Zeitschrift fur Nationalokonomie, 3 (1), September, 23-46 |
|
|
180 | (24) |
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9 Jacob L. Mosak (1938), `Interrelations of Production, Price, and Derived Demand', Journal of Political Economy, 46 (6), December, 761-87 |
|
|
204 | (27) |
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10 George Stigler (1939), `Production and Distribution in the Short Run', Journal of Political Economy, 47 (3), June, 305-27 |
|
|
231 | (23) |
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11 George J. Stigler (1940), `A Note on Discontinuous Cost Curves', American Economic Review, 30 (4), December, 832-35 |
|
|
254 | (4) |
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12 Paul H. Douglas (1948), `Are there Laws of Production?', American Economic Review, XXXVIII (1), March, 1-41 |
|
|
258 | (41) |
|
13 George J. Stigler (1951), `The Division of Labor is Limited by the Extent of the Market', Journal of Political Economy, LIX (3), June, 185-93 |
|
|
299 | (9) |
|
14 George J. Stigler (1958), `The Economies of Scale', Journal of Law and Economics, 1, October, 54-71 |
|
|
308 | (18) |
|
15 Armen Alchian (1959), `Costs and Outputs', in Moses Abramovitz (ed.), The Allocation of Economic Resources: Essays in Honor of Barnard Francis Haley, Stanford, CA: Stanford University Press, 23-40 |
|
|
326 | (18) |
|
16 Zvi Griliches (1960), `Hybrid Corn and the Economics of Innovation', Science, 132 (3422), July, 275-80 |
|
|
344 | (6) |
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17 Jack Hirshleifer (1962), `The Firm's Cost Function: A Successful Reconstruction?', Journal of Business, XXXV (3), July, 235-55 |
|
|
350 | (21) |
|
18 Lester G. Telser (1964), `Advertising and Competition', Journal of Political Economy, LXXII (6), December, 537-62 |
|
|
371 | (26) |
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19 George J. Stigler (1968), `Price and Non-Price Competition', Journal of Political Economy, 76 (1), January-February, 149-54 |
|
|
397 | (6) |
|
20 Richard Thaler and Sherwin Rosen (1976), `The Value of Saving a Life: Evidence from the Labor Market', in Nestor E. Terleckyj (ed.), Household Production and Consumption, New York, NY and London, UK: Columbia University Press, 265-97 |
|
|
403 | (36) |
|
PART II MONOPOLY AND ANTITRUST |
|
|
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21 Jacob Viner (1922), `The Prevalence of Dumping in International Trade. I', Journal of Political Economy, 30 (5), October, 655-80 |
|
|
439 | (26) |
|
22 George J. Stigler (1942), `The Extent and Bases of Monopoly', American Economic Review, 32 (2), Part 2, June, 1-22 |
|
|
465 | (22) |
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23 George J. Stigler (1950), `Monopoly and Oligopoly by Merger', American Economic Review, 40 (2), May, 23-34 |
|
|
487 | (12) |
|
24 G. Warren Nutter (1951), `The Growth of Monopoly, 1899-1939' and `Appendix B: Basic Data on the Growth of Monopoly 1899-1939', in The Extent of Enterprise Monopoly in the United States, 1899-1939: A Quantitative Study of Some Aspects of Monopoly,
Chapter III, Chicago, IL: Chicago University Press, 25-43, 112-55, notes |
|
|
499 | (68) |
|
25 Aaron Director and Edward H. Levi (1957), `Law and the Future: Trade Regulation', Northwestern University Law Review, 51, 281-96 |
|
|
567 | (16) |
|
26 Arnold C. Harberger (1954), `Monopoly and Resource Allocation', American Economic Review, 44 (2), May, 77-87 |
|
|
583 | (11) |
|
27 Ward S. Bowman, Jr. (1957), `Tying Arrangements and the Leverage Problem', Yale Law Journal, 67 (1), November, 19-36 |
|
|
594 | (18) |
|
28 John S. McGee (1958), `Predatory Price Cutting: The Standard Oil (N.J.) Case', Journal of Law and Economics, 1, October, 137-69 |
|
|
612 | (33) |
|
29 M.L. Burstein (1960), `TheEconomics of Tie-In Sales', Review of Economics and Statistics, 42 (1), February, 68-73 |
|
|
645 | (6) |
|
30 Lester G. Telser (1960), `Why Should Manufacturers Want Fair Trade?', Journal of Law and Economics, 3, October, 86-105 |
|
|
651 | (20) |
|
31 Robert H. Bork and Ward S. Bowman, Jr. (1965), `The Crisis in Antitrust', Columbia Law Review, 65 (3), March, 363-76 |
|
|
671 | (14) |
|
32 George J. Stigler (1966), `The Economic Effects of the Antitrust Laws', Journal of Law and Economics, 9, October, 225-58 |
|
|
685 | (34) |
|
33 Richard A. Posner (1970), `A Statistical Study of Antitrust Enforcement', Journal of Law and Economics, 13 (2), October, 365-419 |
|
|
719 | (55) |
|
34 Richard A. Posner (1975), `The Social Costs of Monopoly and Regulation', Journal of Political Economy, 83 (4), August, 807-27 |
|
|
774 | (21) |
|
35 Michael Mussa and Sherwin Rosen (1978), `Monopoly and Product Quality', Journal of Economic Theory, 18 (2), August, 301-17 |
|
|
795 | (20) |
|
PART III MONOPOLISTIC COMPETITION AND OLIGOPOLY |
|
|
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36 George J. Stigler (1940), `Notes on the Theory of Duopoly', Journal of Political Economy, 48 (4), August, 521-41 |
|
|
815 | (21) |
|
37 Don Patinkin (1947), `Multiple-Plant Firms, Cartels, and Imperfect Competition', Quarterly Journal of Economics, 61 (2), February, 173-205 |
|
|
836 | (33) |
|
38 George J. Stigler (1949), `Monopolistic Competition in Retrospect', in Five Lectures on Economic Problems,
Chapter 2, London, UK: London School of Economics and Political Science and Longmans, Green and Co., 12-24 |
|
|
869 | (13) |
|
39 George J. Stigler (1949), `A Theory of Delivered Price Systems', American Economic Review, XXXIX (6), December, 1143-59 |
|
|
882 | (17) |
|
40 George J. Stigler (1964), `A Theory of Oligopoly', Journal of Political Economy, 72 (1), February, 44-61 |
|
|
899 | |
| Acknowledgements |
|
ix | |
| An introduction by the editors to all three volumes appears in Volume I |
|
|
PART I DISTRIBUTION THEORY |
|
|
|
1 Milton Friedman and Simon Kuznets (1954), `Incomes in the Professions and in Other Pursuits' and `Incomes in the Five Professions', in Income from Independent Professional Practice,
Chapters 3 and 4, New York, NY: National Bureau of Economic Research Inc., 62-172 |
|
|
3 | (112) |
|
2 Milton Friedman (1953), `Choice, Chance, and the Personal Distribution of Income', Journal of Political Economy, LXI (4), August, 277-90 |
|
|
115 | (14) |
|
3 Melvin W. Reder (1969), `A Partial Survey of the Theory of Income Size Distribution', in Lee Soltow (ed.), Six Papers on the Size Distribution of Wealth and Income, Studies in Income and Wealth Volume 33, New York, NY and London, UK: Columbia University Press for the National Bureau of Economic Research, 205-53 |
|
|
129 | (52) |
|
PART II CAPITAL AND PROFIT |
|
|
|
4 Frank Hyneman Knight ([ 1935] 1951), `Interest', in The Ethics of Competition and Other Essays,
Chapter X, New York, NY: Augustus M. Kelley Inc., 251-76 |
|
|
181 | (26) |
|
5 Frank H. Knight (1934), `Capital, Time, and the Interest Rate', Economica, 1 (3), August, 257-86 |
|
|
207 | (30) |
|
6 Frank H. Knight (1944), `Diminishing Returns from Investment', Journal of Political Economy, 52 (1), March, 26-47 |
|
|
237 | (22) |
|
7 Don Patinkin (1948), `Price Flexibility and Full Employment', American Economic Review, 38 (4), September, 543-64 |
|
|
259 | (22) |
|
8 J. Fred Weston (1950), `A Generalized Uncertainty Theory of Profit', American Economic Review, 40 (1), March, 40-60 |
|
|
281 | (21) |
|
9 J. Hirshleifer (1965), `Investment Decision Under Uncertainty: Choice-Theoretic Approaches', Quarterly Journal of Economics, LXXIX (4), November, 509-36 |
|
|
302 | (31) |
|
PART III LABOUR ECONOMICS AND THE THEORY OF HUMAN CAPTIAL |
|
|
|
10 Erika H. Schoenberg and Paul H. Douglas (1937), `Studies in the Supply Curve of Labor: The Relation in 1929 Between Average Earnings in American Cities and the Proportions Seeking Employment', Journal of Political Economy, 45 (1), February, 45-79 |
|
|
333 | (35) |
|
11 M. Bronfenbrenner (1939), `The Economics of Collective Bargaining', Quarterly Journal of Economics, 53 (4), August, 535-61 |
|
|
368 | (27) |
|
12 Henry C. Simons (1944), `Some Reflections on Syndicalism', Journal of Political Economy, LII (1), March, 1-25 |
|
|
395 | (25) |
|
13 George J. Stigler (1946), `The Economics of Minimum Wage Legislation', American Economic Review, 36 (3), June, 358-65 |
|
|
420 | (8) |
|
14 Simon Rottenberg (1956), `The Baseball Players' Labor Market', Journal of Political Economy, 64 (3), June, 242-58 |
|
|
428 | (17) |
|
15 Gary S. Becker (1960), `An Economic Analysis of Fertility', in Demographic and Economic Change in Developed Countries, Princeton, NJ: Princeton University Press, 209-40 |
|
|
445 | (32) |
|
16 M. Bronfenbrenner (1961), `Notes on the Elasticity of Derived Demand', Oxford Economic Papers, 13 (3), October, 254-61 |
|
|
477 | (8) |
|
17 Theodore W. Schultz (1961), `Investment in Human Capital', American Economic Review, LI (1), March, 1-17 |
|
|
485 | (17) |
|
18 Armen A. Alchian and Reuben A. Kessel (1962), `Competition, Monopoly, and the Pursuit of Money', in Aspects of Labor Economics, Princeton, NJ: Princeton University Press, 157-83 |
|
|
502 | (27) |
|
19 Gary S. Becker (1962), `Investment in Human Capital: A Theoretical Analysis', Journal of Political Economy, 70 (5), October, 9-49 |
|
|
529 | (41) |
|
20 George J. Stigler (1962), `Information in the Labor Market', Journal of Political Economy, 70 (5), October, 94-105 |
|
|
570 | (12) |
|
21 Albert Rees (1966), `Information Networks in Labor Markets', American Economic Review, 56 (1/2), March, 559-66 |
|
|
582 | (11) |
|
PART IV PUBLIC ECONOMICS AND WELFARE ANALYSIS |
|
|
|
22 F.H. Knight (1924), `Some Fallacies in the Interpretation of Social Cost', Quarterly Journal of Economics, 38 (4), August, 582-606 |
|
|
593 | (25) |
|
23 M.W. Reder (1942), `Welfare Economics and Rationing', Quarterly Journal of Economics, 57 (1), November, 153-59 |
|
|
618 | (7) |
|
24 George J. Stigler (1943), `The New Welfare Economics', American Economic Review, 33 (2), June, 355-59 |
|
|
625 | (5) |
|
25 James M. Buchanan (1949), `The Pure Theory of Government Finance: A Suggested Approach', Journal of Political Economy, 57 (6), December, 496-505 |
|
|
630 | (10) |
|
26 Milton Friedman (1952), `The "Welfare" Effects of an Income Tax and an Excise Tax', Journal of Political Economy, 60 (1), February, 25-33 |
|
|
640 | (9) |
|
27 Gary S. Becker (1958), `Competition and Democracy', Journal of Law and Economics, I, October, 105-109 |
|
|
649 | (5) |
|
28 R.H. Coase (1960), `The Problem of Social Cost', Journal of Law and Economics, III, October, 1-44 |
|
|
654 | (44) |
|
29 Arnold C. Harberger (1964), `The Measurement of Waste', American Economic Review, 54 (3), May, 58-76 |
|
|
698 | (19) |
|
30 Arnold C. Harberger (1971), `Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay', Journal of Economic Literature, 9 (3), September, 785-97 |
|
|
717 | (13) |
|
31 George J. Stigler (1970), `Director's Law of Public Income Redistribution', Journal of Law and Economics, 13 (1), April, 1-10 |
|
|
730 | (10) |
|
32 George J. Stigler (1972), `Economic Competition and Political Competition', Public Choice, XIII, Fall, 91-106 |
|
|
740 | (19) |
|
|
|
|
33 George J. Stigler and Claire Friedland (1962), `What Can Regulators Regulate? The Case of Electricity', Journal of Law and Economics, V, October, 1-16 |
|
|
759 | (16) |
|
34 George J. Stigler (1971), `The Theory of Economic Regulation', Bell Journal of Economics and Management Science, 2 (1), Spring, 3-21 |
|
|
775 | (19) |
|
35 Richard A. Posner (1974), `Theories of Economic Regulation', Bell Journal of Economics and Management Science, 5 (2), Autumn, 335-58 |
|
|
794 | (24) |
|
36 Sam Peltzman (1976), `Toward a More General Theory of Regulation', Journal of Law and Economics, 19 (2), August, 211-40 |
|
|
818 | |
