Prepared by Vernelia A. Crawford

NOTE: This index includes titles of chapters listed under the appropriate subject classification. With the exception of these specific page references, which are hyphenated, the numbers in each instance refer to the first page of a discussion. A page number followed by a letter (n) in parentheses indicates the number of a footnote reference.

Abundance, 68

Accommodations, 24, 105, 210, 219, 245, 357; see also Kiting

Adams, John, xxii (11), 405

FOUNDATIONS OF THE MARKET-PRICE SYSTEM

Milton M. Shapiro

LANHAM• NEW YORK• LONDON

Copyright © 1985 by

University Press of America,™ Inc.

4720 Boston Way
Lanham, MD 20706

3 Henrietta Street
London WC2E 8LU England

All rights reserved

Printed in the United States of America

ISBN (Perfect): 0-8191-4543-2

ISBN   (Cloth): 0-8191-4542-4

Copyright 1974 by Milton M. Shapiro

TO MY PARENTS

Baruch and Rivkah,
who gave me life

and

TO MY FAMILY

Jeanne, Johanna and Arthur,
who fulfill that life.

First, intellectual debts. The greatest of them, and most gratefully acknowledged, are to those thinkers who helped create, shape, and nourish the Austrian tradition in economics. Chief among these men are Ludwig von Mises and Friedrich A. Hayek—who never lost sight of the bridges linking economics with the other sciences of human action—and Murray N. Rothbard and Israel M. Kirzner, current regenerators of the tradition and innovators on their own.

Figures

This book on introductory micro-economics was forged as a by-product of some 20 years’ teaching of university economics. Earlier editions appeared under the title The Common Sense of Economics. From its inception in 1974 it has been used as a text in my classes.

Following is an outline of the main features and perspectives of each chapter and what I believe are their respective special qualities.