Part IV The Reconciliation of Statics and Dynamics
| CHAPTER XXV THE RECONCILIATION OF STATICS AND DYNAMICS | |
|---|---|
| Theory of money as focus of general economic theory, exhibiting interdependence of doctrines; basis of further unification of statics and dynamics in higher synthesis | 547-548 |
| Statics vs. dynamics, normal vs. transitional, and related contrasts; illustrations; divergent lines of doctrine: tariffs, wars, overproduction, extravagance, etc. | 548-552 |
| Statics quantitative; dynamics qualitative | 552-553 |
| Statics and dynamics both abstract | 553-554 |
| Dynamics and “friction” | 554-555 |
| “Theory of prosperity” and dynamics | 555-556 |
| Statics and cross-section analysis; statics as price-theory; dynamics as value-theory | 556-560 |
| Generalization of statics: price-theory applied to dynamic phenomena: capitalization; costs; “taxonomy;” “discounting” dynamic changes; money the static measuring-rod: wide scope of money-measure; measurement of non-economic values | 560-569 |
| Generalization of dynamics: all values, whether of wheat or “good will,” have social psychological explanation; technological and biological factors, and the static equilibrium; business cycles | 569-575 |
| Business man vs. economic theorist, and value-theory; manipulation of values and prices | 575-578 |
| Statics and time | 578-580 |
| Immaterial capital | 580-582 |
| Statics and dynamics have not different subject-matter | 583-586 |
| Equilibrium of all social values: statics and dynamics of the law: social forces and social control | 586-589 |
| Summary of Part IV | 589-591 |