Researches into the Mathematical Principles of the Theory of Wealth

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Researches into the Mathematical Principles of the Theory of Wealth
by Antoine Augustin Cournot, translated by Nathaniel T. Bacon

RESEARCHES

INTO THE

MATHEMATICAL PRINCIPLES

OF THE

THEORY OF WEALTH


BY

AUGUSTIN COURNOT

1838


TRANSLATED BY NATHANIEL T. BACON
WITH A
BIBLIOGRAPHY OF MATHEMATICAL ECONOMICS
BY IRVING FISHER


New York
THE MACMILLAN COMPANY
LONDON: MACMILLAN & CO., Ltd.
1897


All rights reserved

Copyright, 1897,

By THE MACMILLAN COMPANY.

CONTENTS

CHAPTER PAGE
Preface 1
I. Of Value in Exchange or of Wealth in General 7
II. Of Changes in Value, Absolute and Relative 18
III. Of the Exchanges 29
IV. Of the Law of Demand 44
V. Of Monopoly 56
VI. Of the Influence of Taxation on Commodities produced under a Monopoly 67
VII. Of the Competition of Producers 79
VIII. Of Unlimited Competition 90
IX. Of the Mutual Relations of Producers 99
X. Of the Communication of Markets 117
XI. Of the Social Income 127
XII. Of Variations in the Social Income, resulting from the Communication of Markets 150