Back to the beginning, 217. — Time and interest, 219. — Failure of the labor theory, 220. — A simple corn economy, 222. — The special timeless case, 222. — The extreme Torrens-Ricardo Case, 223. — Land scarcity and falling interest, 225. — A long-run, constant floor for interest, 227. — The land theory restated, 228. — A final word, 230.

Introduction, 1. — In the beginning, 3. — The expanding universe, 5. — Scarcity of land and positive rent, 7. — Residual rent to homogeneous land, 9. — A numerical example, 10. — The case of many goods and homogeneous land, 12. — The Leontief-Ricardo tableau, 15. — Non-substitutability even where substitutability is possible, 16. — Summary and Conclusion, 18. — Appendix: Theory of differential rent, 20.

I. Introduction: widespread use of community indifference curves, 1. — II. Attempts to justify the use of community indifference curves, 3. — III. Proof of the nonexistence of community indifference contours, 4. — IV. Nature of Scitovsky's community indifference contours, 6. — V. Problem of family preference: a parable, 8. — VI. Optimal ways of achieving income redistribution, 12. — VII. Regular properties of social indifference contours, 14. — VIII. Perfect competition and bliss, 19. — IX. Final summary, 21.

Journal Article Professor Samuelson on Operationalism in Economic Theory: Comment Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 69, Issue 2, May 1955, Pages 310–314, https://doi.org/10.2307/1882156 Published: 01 May 1955

Scope of the paper, 575. — Negative multipliers, 576. — Level and growth of income in relation to level and growth of investment, 577. — Reaction of expenditure on revenue, 581. — Financial implications of deficits, 587.— Tertiary effects upon private investment, 595. — Public works vs. other expenditures, 599. — The multiplier and velocity approaches, 601. — Conclusion, 605.

Implications of Ideal Conditions, 286. — Entrepreneurial behavior with a given rate of interest, 287. — Individual behavior with a given rate of interest, 290. — The identity between Saving and Investment, 292. — The determination of the rate of interest, 295. — Distinguishable components of the process of capital growth, 296. — The assumption of perfect certainty, 297.

Definition of an investment account, 469. — Relationships between capitalized value, depreciation, and income holding at all times under any rate of discount, 470. — Necessary equality between capital invested and value of investment account derived by capitalization, 474.— Definition and derivation of internal rate of interest; its relation to market rate, 475. — Identification under ideal conditions of market value of investment account with capitalized value, 477.— Problem of optimum determination of variables; maximization of internal rate vs. maximization of present value of assets, 478.— Demonstration that all principles remain invariant under a varying interest rate, 483.— Mathematical appendix I, 488, — Mathematical appendix II, 492.

David Levhari, Paul A. Samuelson; The Nonswitching Theorem is False, The Quarterly Journal of Economics, Volume 80, Issue 4, 1 November 1966, Pages 518–519

I. Introduction and review, 537. — II. Many-goods model, 539. — III. Euler necessary conditions, 541. — IV. Case of satiated production, 544. — V. Physical analogy of small vibrations, 547. — VI. Case of utility satiation, 549. — VII. Practical computation, 553. — VIII. Hamiltonian formulation, 554. — IX. Pay-off in terms of initial state, 559. — X. Conclusion, 561.

This paper studies trade theory for the case of a continuum of goods, two factors, two countries, and Cobb-Douglas demand functions. If factor endowments are similar, factor price equalization obtains and geographic patterns of production are indeterminate; nonetheless the effects of changes in factor endowments on prices and welfare in each country are well defined. Factor price equalization does not obtain if factor endowments are far apart, and the geographic pattern of specialization is then determinate. The effects of changes in endowments on the range of goods produced in each country and on prices of goods and factors are analyzed for this case, and the elasticity of substitution in production is shown to play an important role in determining comparative static outcomes.