Famous Figures and Diagrams in Economics

Edited by the late Mark Blaug, former Professor Emeritus, University of London and Professor Emeritus, University of Buckingham, UK and Peter Lloyd, Professor Emeritus, Department of Economics, University of Melbourne, Australia

• Contents: IntroductionMark Blaug and Peter Lloyd PART I: SINGLE MARKET ANALYSIS (PARTIAL EQUILIBRIUM) Basic Tools of Demand and Supply Curve Analysis1. Marshallian Cross DiagramsThomas M. Humphrey2. The Stability of Equilibrium Mark Blaug3. Indifference Curves and IsoquantsMark Blaug and Peter Lloyd4. The Elasticity of Substitution Robert Dixon5. Substitution and Income Effects Hans Haller6. Engel CurvesRoss Williams7. Homothetic Production and Utility FunctionsRolf Färe and Shawna Grosskopf8. Long-run and Short-run Cost CurvesFiona Maclachlan9. The Product Exhaustion TheoremCassey Lee10. Classification of Technical ChangeRobert Dixon 11. Nash EquilibriumJürgen Eichberger Welfare Economics12. Consumer SurplusYew-Kwang Ng13. The Harberger TriangleYew-Kwang Ng14. Community Indifference Curves and the Scitovsky ‘Paradox’Richard G. Lipsey15. The Taxation of External CostsYew-Kwang Ng16. Monopoly and Price DiscriminationWilliam J. Baumol17. Duopoly Reaction CurvesNicola Giocoli18. Monopolistic CompetitionAndrew Skinner19. Kinked Demand CurvesR. RothschildSpecial Markets and Topics20. Backward-bending Labour Supply CurvesJohn E. King21. Location Theory: The Contributions of von Thünen and LöschB. Curtis Eaton and Richard G. Lipsey22. Hotelling’s Model of Spatial CompetitionNisvan Erkal23. Cobweb DiagramsMarc Nerlove24. Reswitching and Reversing in Capital TheoryAvi J. Cohen and Geoffrey C. Harcourt25. The Markowitz Mean-variance DiagramFiona Maclachlan 26. Rent-seeking DiagramsAnne O. Krueger27. The Logistic Growth CurveJ.S. Cramer28. Graph Theory and NetworksCassey LeePART II: GENERAL EQUILIBRIUM ANALYSISBasic Tools of General Equilibrium Analysis29. Circular Flow DiagramsRoger E. Backhouse and Yann Giraud30. The Unit SimplexJohn Whalley31. The Edgeworth BoxJohn Creedy32. The Role of Numbers in CompetitionJohn Creedy33. Production Possibility FrontiersRonald W. Jones34. The Utility-Possibility FrontierJohn S. Chipman35. The Factor Price FrontierAlan D. Woodland36. Pareto EfficiencyPeter Lloyd37. The Phase Diagram Technique for Analyzing the Stability of Multiple-market EquilibriumD. Wade Hands 38. The Theory of Second Best and Third BestWai Chiu WooOpen Economies39. The Offer CurveMurray Kemp40. The Stolper-Samuelson BoxHenry Thompson41. The Lerner DiagramAlan V. Deardorff42. The Trade Theory DiagramPeter Lloyd43. The Four-quadrant Diagram for the Two-sector Heckscher-Ohlin ModelArvind Panagariya44. The Integrated World Equilibrium DiagramAvinash Dixit45. The Optimal TariffMurray KempPART III: MACROECONOMICS Macroeconomic Analysis and Stabilisation46. Keynesian Income Determination DiagramsMichael Schneider47. The IS-LM DiagramWarren Young48. The Fleming-Mundell DiagramRussell Boyer and Warren Young49. The Aggregate Demand Aggregate Supply Diagram Richard G. Lipsey50. The Phillips CurveRichard G. Lipsey51. The UV or Beveridge CurvePeter Rodenburg52. The Demand Curve for MoneyDavid Laidler 53. Non-neutrality of MoneyHe-ling Shi54. The Laffer CurveRoger MiddletonGrowth, Income Distribution and Other Topics55. Intertemporal Utility Maximization – the Fisher DiagramThomas M. Humphrey56. The Diagrams of the Solow-Swan Growth ModelBarbara J. Spencer and Robert W. Dimand57. The Lorenz CurveNanak Kakwani58. Kuznets CurvesLisa Cameron, Lata Gangadharan and Sowmiya AshokIndex

‘. . . the book is a marvellous achievement and a major contribution to the history of economic thought. . . The book provides a genuinely interesting perspective on the development of modern economics. Each diagram illustrates a single analytical point, but there is a cumulative logic to the exposition of the various diagrams that reproduce the main turns in the development of modern economic theory. So reading the book cover-to-cover is an excellent way of working through the logic of the discipline. . . Famous Figures and Diagrams in Economics is a major contribution to the history of economic thought and repays close study by anyone who wants to have a better understanding of how economists reason.’