Researches into the Mathematical Principles of the Theory of Wealth

by Antoine Augustin Cournot

RESEARCHES

INTO THE

MATHEMATICAL PRINCIPLES

OF THE

THEORY OF WEALTH

BY

AUGUSTIN COURNOT

1838

TRANSLATED BY NATHANIEL T. BACON
WITH A
BIBLIOGRAPHY OF MATHEMATICAL ECONOMICS
BY IRVING FISHER

New York
THE MACMILLAN COMPANY
LONDON: MACMILLAN & CO., Ltd.
1897

All rights reserved

Copyright, 1897,

By THE MACMILLAN COMPANY.

CONTENTS

CHAPTER		PAGE
	Preface	1
I.	Of Value in Exchange or of Wealth in General	7
II.	Of Changes in Value, Absolute and Relative	18
III.	Of the Exchanges	29
IV.	Of the Law of Demand	44
V.	Of Monopoly	56
VI.	Of the Influence of Taxation on Commodities produced under a Monopoly	67
VII.	Of the Competition of Producers	79
VIII.	Of Unlimited Competition	90
IX.	Of the Mutual Relations of Producers	99
X.	Of the Communication of Markets	117
XI.	Of the Social Income	127
XII.	Of Variations in the Social Income, resulting from the Communication of Markets	150