Davenport's Economics and the Present Problems of Theory

Alvin S. Johnson

The Quarterly Journal of Economics, 1914, vol. 28, issue 3, 417-446

Abstract: I. Davenport's Economics is in the direct line of succession of the classical treatises on economics, 417. — II. The book essentially classical in scope and method, 419. — III. The chief departure from classical method in the greater significance ascribed to the entrepreneur, 422. — IV. Competing concepts of marginality: contradictions in Davenport's usage, 424. — V. Inadequacy of the concept of value as a mathematical ratio for the analysis of the problems of price and value of money, 430. — VI. Production identified with acquisition, 437. — Bearing of this amalgamation of concepts upon the problems of functional and personal distribution, 438. — VII. Social implications of Davenport's system of economic theory, 443.

Date: 1914
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