The name is absent



THEORY OF INTERNATIONAL VALUES

637


more (or not less) of a product (subject to the law of decreasing
returns) will continually be offered. For a converse reason our
curve may curl round like the dotted line in the figure. In short,
the varieties of curve marked as (3) and (4) in the fourth figure of
our Mathematical Part,1 do not occur in their scheme. Accord-
ingly they are not conducted to a certain proposition which we
have typified by the statement that, if Europe had an urgent
demand for the produce of the United States, it might be for the
interest of the United States to put an import tax on the produce


of Europe. Now as long as we consider the supply curve for
European articles as of the form O E, an import tax thereon can-
not come to much, as the authors observe
(Theorie des Preises,
p. 417). The curling round of the curve is required to express
the urgency of the European demand for American produce.
While we consider the supply curves of particular articles of
the form O E, we do not get beyond the effect which we have
likened to the buffer of a railway carriage being pushed back ;2 to
contemplate the movement imparted to the whole train, we

1 Ante, p. 480.

2 Ante, p. 46.

U U


No. 16.—VOL. IV



More intriguing information

1. Iconic memory or icon?
2. THE USE OF EXTRANEOUS INFORMATION IN THE DEVELOPMENT OF A POLICY SIMULATION MODEL
3. A Classical Probabilistic Computer Model of Consciousness
4. Om Økonomi, matematik og videnskabelighed - et bud på provokation
5. The name is absent
6. The name is absent
7. The name is absent
8. The name is absent
9. The name is absent
10. Investment and Interest Rate Policy in the Open Economy
11. THE DIGITAL DIVIDE: COMPUTER USE, BASIC SKILLS AND EMPLOYMENT
12. Population ageing, taxation, pensions and health costs, CHERE Working Paper 2007/10
13. Environmental Regulation, Market Power and Price Discrimination in the Agricultural Chemical Industry
14. The voluntary welfare associations in Germany: An overview
15. Models of Cognition: Neurological possibility does not indicate neurological plausibility.
16. The name is absent
17. Evaluating the Success of the School Commodity Food Program
18. Proceedings of the Fourth International Workshop on Epigenetic Robotics
19. Estimating the Technology of Cognitive and Noncognitive Skill Formation
20. The name is absent