Economics 300A
Mr. Harberger
Autumn 1955
Texts:
- Alfred Marshall, Principles of Economics, 8th
- George Stigler, Theory of Price, revised ed.
- H. Knight, The Economic Organization
Supplementarymaterial (Purchase not required):
- American Economic Association, Readings in Price Theory
- Milton Friedman, Essays in Positive Economics
- Milton Friedman, Notes on Lectures in Price Theory (mimeographed)
Students are expected to be familiarwith the materials in Stigler’s Theory of Price beforeentering the course. Readings marked with an asterisk (*) are recommended, notrequired.
Reading List
- Introduction:
Knight, The EconomicOrganization, pp. 1-37
Stigler, Theory of Price, Chs. 1-3
Friedman, “The Methodology of Positive Economics” in Essays in PositiveEconomics
- Demand:
Stigler, Theory of Price,Chs. 4-5
Marshall, Book III, Chs. 2-4, Book V, Chs. 1-2
Knight, Risk, Uncertainty and Profit, Ch. 3
Hicks, Value and Capital, pp. 11-52
Working, “What do Statistical Demand Curves Show?” Quarterly Journal ofEconomics
*Samuelson, Foundations of Economic Analysis, Ch. 5
- Supply:
Stigler, Theory of Price,Chs. 6-8
Marshall, Book V, Chs. 3-5, 12, Appendix H
Robinson, Joan, Economics of Imperfect Competition, Ch. 2
Clark, J.M., Economics of Overhead Costs, Ch. 9
Viner, “Cost Curves and Supply Curves”, Zeitschrift fuerNationaloekonomie, Book III (Sept 1931) pp. 23-46, reprinted in Readingsin Price Theory, pp. 198-232
*Samuelson, Foundations of Economic Analysis, Ch. 4
- Market Organization:
Stigler, Theory of Price,Chs. 9-13
Stigler, “Monopolistic Competition in Retrospect” in Five Lectures onEconomic Problems
Harrod, “Doctrines of Imperfect Competition”, Quarterly Journal ofEconomics, May 1934, pp. 442-461
Chamberlin, The Theory of Monopolistic Competition, Chs. 3, 5
*Robinson, E.A.G., The Structure of Competitive Industry*Robinson, E.A.G., Monopoly.
- Utility and Welfare Economics:
Alchian, “The Meaning of UtilityMeasurement”, American Economic Review, March 1953, pp. 26-50
Friedman and Savage, “The Utility Analysis of Choices Involving Risk”, Journalof Political Economy, August 1948, pp. 279-304. Reprinted in Readingsin Price Theory, pp. 57-96
Scitovsky, “The State of Welfare Economics”, American Economic Review,June 1951, pp. 303-315
Hicks, “The Four Consumers’ Surpluses”, Review of Economic Studies,XI (1943-44), pp. 31-40
*Hotelling, “The General Welfare in Relation to Problems of Taxation and ofRailway and Utility Rates,” Econometrica (VI) (1938), pp.242-269
*Samuelson, Foundations of Economic Analysis, Chs. 5-7
Source: Hoover Institution Archives. Papersof Milton Friedman, Box 77, Folder “77.1 University of Chicago Econ 300 A& B”.