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Tables of Contents for Cost and Choice
Chapter/Section Title
Page #
Page Count
Foreword
xi
Preface
xiii
Acknowledgments
xvii
Cost in Economic Theory
3
14
Classical Economics
3
6
Marginal-Utility Economics
9
3
The Marshallian Synthesis
12
1
Frank Knight and American Neoclassical Paradigms
13
4
The Origins and Development of a London Tradition
17
20
Wicksteed and the Calculus of Choice
17
1
H. J. Davenport
18
1
Knight on Cost as Valuation
19
1
Robbins, 1934
19
2
Mises, Robbins, and Hayek on Calculation in a Socialist Economy
21
2
Hayek, Mises, and Subjectivist Economics
23
3
The Practical Relevance of Opportunity Cost: Coase, 1938
26
3
G. F. Thirlby and ``The Ruler''
29
4
Mises' Human Action
33
1
The Death of a Tradition?
34
1
Appendix to Chapter 2: Shackle on Decision
35
2
Cost and Choice
37
12
The Predictive Science of Economics
37
3
Cost in the Predictive Theory
40
1
Cost in a Theory of Choice
41
1
Choice-Influencing and Choice-Influenced Cost
42
1
Opportunity Cost and Real Cost
43
2
The Subjectivity of Sunk Costs
45
1
Cost and Equilibrium
46
3
The Cost of Public Goods
49
16
The Theory of Tax Incidence
50
2
Costs and Fiscal Decision-Making: The Democratic Model
52
3
Costs and Decision-Making: The Authoritarian Model
55
1
Costs and Decision-Making: Mixed Models
55
2
The Choice Among Projects
57
2
The Costs of Debt-Financed Public Goods
59
2
Ricardo's Equivalence Theorem
61
2
Tax Capitalization
63
2
Private and Social Cost
65
12
Summary Analysis
65
1
A Closer Look
66
3
Internal Costs, Equilibrium, and Quasi-Rents
69
1
An Illustrative Example
70
2
Pigovian Economics and Christian Ethics
72
2
Narrow Self-Interest and Alternative-Opportunity Quasi-Rents
74
2
Conclusion
76
1
Cost Without Markets
77
16
Prices, Costs, and Market Equilibrium
77
1
Resource-Service Prices as Final-Product Costs
78
2
Market Equilibrium, Costs, and Quasi-Rents
80
1
The Cost of Military Manpower: An Example
81
3
The Cost of Crime: Another Example
84
2
Artificial Choice-Making
86
1
Socialist Calculation and Socialist Choice
87
2
Costs in Bureaucratic Choice
89
4
Author Index
93
2
Subject Index
95