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Mathematical investigations in the theory of value and prices / by Irving Fisher
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Syllabus. xi

APPENDIX I. Miscellaneous remarks on Part I.

Page

I. Failure of equations, ......... 90

II. The cisterns and diagrams of Part I compared with the diagrams ofJevons and of Auspitz und Lieben.

$ 1. Possible geometrical representations of commodity

and utility, .......

91

5

2.

Scheme comparing the cistern-coordinates with those

of Jevons and of Auspitz und Lieben,

92

i

3.

A linear assumption, ......

93

i

4 .

The relative value of the diagrams,

94

}

5.

Properties essential to the cisterns,

94

$

6.

Meaning of the abscissa, .....

95

5

7 .

Total utility and gain, .....

95

Gain a maximum. '

5

1.

For one individual, ......

97

5

2.

For one commodity and in what sense true, .

98

$

3.

For whole market and in what sense true,

98

i

4 .

Under what conditions would the total market gain

be maximum if we could obtain thetrueequivalence between two persons utilities, .

99

Elimination of variables, ........

100

Each price is the quotient of two determinants, and allequations can be reduced to a single set involving com-modities only.

APPENDIX II. Limitations of the preceding analyses.

$ 1. The suppositions were ideal, . . . .101

$ 2. Utility a function of many variables, . . . 102

§ 3. Articles not homogeneous nor infinitely divisible, . 102

$ 4. Discontinuity in time, ...... 103

$ 5. Statics and Dynamics, ..... 103

§ 6. Population, ....... 104

§ 7. No perfect individual freedom to stop producing

(or consuming) at any point, .... 104

§ 8. No perfect knowledge of prices, .... 104

$ 9. Production different from consumption in many im-portant respects, . . . . . .105

§ 10. Marginal utility and disutility may occasionallyvary in a manner opposite to that which has beensupposed, ....... 106

$ 11. Markets are not isolated and there is no perfect

market, ........ 106