SYLLABUS. 



PAET 1. Utility of each commodity assu^ied to be depexdext only on 



THE quantity OF THAT COMMODITY. 



Chapter I. Utility as a Quantity. 



§ 2. 

 § 3. 



§ 4. 

 § 5- 

 § 6. 

 § 7. 

 § 8. 

 § 9. 

 §10. 

 §11. 



§12. 



§13. 

 §14. 



glo. 



Psycho-economic postulate, .... 



Definitions of equal and unequal utilities, 

 Ajoplication of these definitions to an equation of 

 exchange, ....... 



Definition of the ratio of two utilities, 



Analogy with other mathematical definitions. 



Marginal utility, unit of utility, 



Exact meaning of a utility curve, 



Total utility, utility- value, gain or consumer's rent. 



Element of time, ...... 



Utility curves for a time-period and for an instant, 

 A yearly utility curve implies no exact foreknowledge 

 of amounts consumed, ..... 



Theory of probabilities partially eliminates sporadic 



influences except as regards " gain," 

 Infinitesimals appropriate though non-existent, 

 The preceding definitions of utility absolve the econ- 

 omist from psychological and metaphysical disputes. 

 Summary of Chapter 1, 



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Chapter II. Mechanism. 



§ 



1. 





2. 



§ 



3. 



§ 



4. 



§ 



5 



§ 



6 



§ 



7 



§ 



8 



§ 



9 



§10 



Mechanical analogy common in economic thought, . 



Ideal suppositions concerning the market, 



A new utility diagram. Its related cistern (Fig. 2), 



A single commodity and a single consumer. 



One commodity — one producer ; disutility diagram 



and cistern (Fig. 3), 

 One commodity — many consumers (Fig. 4), 

 Analytical interpretation of § 6, 

 Aggregate commodity, ...... 



One commodity — many producers (Fig. 5), 

 Preceding simply gives exactitude to the common 



imagery of thought, ...... 



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