the economics of enterprise
Davenport's major theoretical treatise in which he sought to develop his modification of marginal utility theory and to construct an economic theory based entirely on price. His explanation of the multiple expansion of credit though the banking system and relating the interest rate to the operations of commercial banks rather than to psychological factors are noteworthy--and ahead of their time. "He contributed to the reformulation of microeconomics from absolutist value theory to relativist price theory." The New Palgrave --This text refers to an out of print or unavailable edition of this title.
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