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# Famous Figures and Diagrams in Economics

## Edited by Mark Blaug and Peter Lloyd

This is a unique account of the role played by 58 figures and diagrams commonly used in economic theory. These cover a large part of mainstream economic analysis, both microeconomics and macroeconomics and also general equilibrium theory.

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- Copyright
- Contents
- Figures
- Contributors
- Acknowledgements
- Introduction
- Basic Tools of Demand and Supply Curve Analysis
- Chapter 1: Marshallian Cross Diagrams
- Chapter 2: The Stability of Equilibrium
- Chapter 3: Indifference Curves and Isoquants
- Chapter 4: The Elasticity of Substitution
- Chapter 5: Substitution and Income Effects
- Chapter 6: Engel Curves
- Chapter 7: Homothetic Production and Utility Functions
- Chapter 8: Long-run and Short-run Cost Curves
- Chapter 9: The Product Exhaustion Theorem
- Chapter 10: Classification of Technical Change
- Chapter 11: Nash Equilibrium
- Welfare Economics
- Chapter 12: Consumer Surplus
- Chapter 13: The Harberger Triangle
- Chapter 14: Community Indifference Curves and the Scitovsky ‘Paradox’
- Chapter 15: The Taxation of External Costs
- Chapter 16: Monopoly and Price Discrimination
- Chapter 17: Duopoly Reaction Curves
- Chapter 18: Monopolistic Competition
- Chapter 19: Kinked Demand Curves
- Special Markets and Topics
- Chapter 20: Backward-bending Labour Supply Curves
- Chapter 21: Location Theory: The Contributions of von Thünen and Lösch
- Chapter 22: Hotelling’s Model of Spatial Competition
- Chapter 23: Cobweb Diagrams
- Chapter 24: Reswitching and Reversing in Capital Theory
- Chapter 25: The Markowitz Mean-variance Diagram
- Chapter 26: Rent-seeking Diagrams
- Chapter 27: The Logistic Growth Curve
- Chapter 28: Graph Theory and Networks
- Basic Tools of General Equilibrium Analysis
- Chapter 29: Circular Flow Diagrams
- Chapter 30: The Unit Simplex
- Chapter 31: The Edgeworth Box
- Chapter 32: The Role of Numbers in Competition
- Chapter 33: Production Possibility Frontiers
- Chapter 34: The Utility-Possibility Frontier
- Chapter 35: The Factor Price Frontier
- Chapter 36: Pareto Efficiency
- Chapter 37: The Phase Diagram Technique for Analyzing the Stability of Multiple-market Equilibrium
- Chapter 38: The Theory of Second Best and Third Best
- Open Economies
- Chapter 39: The Offer Curve
- Chapter 40: The Stolper-Samuelson Box
- Chapter 41: The Lerner Diagram
- Chapter 42: The Trade Theory Diagram
- Chapter 43: The Four-quadrant Diagram for the Two-sector Heckscher-Ohlin Model
- Chapter 44: The Integrated World Equilibrium Diagram
- Chapter 45: The Optimal Tariff
- Macroeconomic Analysis and Stabilisation
- Chapter 46: Keynesian Income Determination Diagrams
- Chapter 47: The IS-LM Diagram
- Chapter 48: The Fleming-Mundell Diagram
- Chapter 49: The Aggregate Demand Aggregate Supply Diagram
- Chapter 50: The Phillips Curve
- Chapter 51: The UV or Beveridge Curve
- Chapter 52: The Demand Curve for Money
- Chapter 53: Non-neutrality of Money
- Chapter 54: The Laffer Curve
- Growth, Income Distribution and Other Topics
- Chapter 55: Intertemporal Utility Maximization – the Fisher Diagram
- Chapter 56: The Diagrams of the Solow-Swan Growth Model
- Chapter 57: The Lorenz Curve
- Chapter 58: Kuznets Curves
- Index

# Copyright

- Copyright
- Contents
- Figures
- Contributors
- Acknowledgements
- Introduction
- Basic Tools of Demand and Supply Curve Analysis
- Chapter 1: Marshallian Cross Diagrams
- Chapter 2: The Stability of Equilibrium
- Chapter 3: Indifference Curves and Isoquants
- Chapter 4: The Elasticity of Substitution
- Chapter 5: Substitution and Income Effects
- Chapter 6: Engel Curves
- Chapter 7: Homothetic Production and Utility Functions
- Chapter 8: Long-run and Short-run Cost Curves
- Chapter 9: The Product Exhaustion Theorem
- Chapter 10: Classification of Technical Change
- Chapter 11: Nash Equilibrium
- Welfare Economics
- Chapter 12: Consumer Surplus
- Chapter 13: The Harberger Triangle
- Chapter 14: Community Indifference Curves and the Scitovsky ‘Paradox’
- Chapter 15: The Taxation of External Costs
- Chapter 16: Monopoly and Price Discrimination
- Chapter 17: Duopoly Reaction Curves
- Chapter 18: Monopolistic Competition
- Chapter 19: Kinked Demand Curves
- Special Markets and Topics
- Chapter 20: Backward-bending Labour Supply Curves
- Chapter 21: Location Theory: The Contributions of von Thünen and Lösch
- Chapter 22: Hotelling’s Model of Spatial Competition
- Chapter 23: Cobweb Diagrams
- Chapter 24: Reswitching and Reversing in Capital Theory
- Chapter 25: The Markowitz Mean-variance Diagram
- Chapter 26: Rent-seeking Diagrams
- Chapter 27: The Logistic Growth Curve
- Chapter 28: Graph Theory and Networks
- Basic Tools of General Equilibrium Analysis
- Chapter 29: Circular Flow Diagrams
- Chapter 30: The Unit Simplex
- Chapter 31: The Edgeworth Box
- Chapter 32: The Role of Numbers in Competition
- Chapter 33: Production Possibility Frontiers
- Chapter 34: The Utility-Possibility Frontier
- Chapter 35: The Factor Price Frontier
- Chapter 36: Pareto Efficiency
- Chapter 37: The Phase Diagram Technique for Analyzing the Stability of Multiple-market Equilibrium
- Chapter 38: The Theory of Second Best and Third Best
- Open Economies
- Chapter 39: The Offer Curve
- Chapter 40: The Stolper-Samuelson Box
- Chapter 41: The Lerner Diagram
- Chapter 42: The Trade Theory Diagram
- Chapter 43: The Four-quadrant Diagram for the Two-sector Heckscher-Ohlin Model
- Chapter 44: The Integrated World Equilibrium Diagram
- Chapter 45: The Optimal Tariff
- Macroeconomic Analysis and Stabilisation
- Chapter 46: Keynesian Income Determination Diagrams
- Chapter 47: The IS-LM Diagram
- Chapter 48: The Fleming-Mundell Diagram
- Chapter 49: The Aggregate Demand Aggregate Supply Diagram
- Chapter 50: The Phillips Curve
- Chapter 51: The UV or Beveridge Curve
- Chapter 52: The Demand Curve for Money
- Chapter 53: Non-neutrality of Money
- Chapter 54: The Laffer Curve
- Growth, Income Distribution and Other Topics
- Chapter 55: Intertemporal Utility Maximization – the Fisher Diagram
- Chapter 56: The Diagrams of the Solow-Swan Growth Model
- Chapter 57: The Lorenz Curve
- Chapter 58: Kuznets Curves
- Index