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- labor force participation
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- large numbers, law of
- Le Chatelier principle
- learning-by-doing
- least cost location theory
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- life-cycle hypothesis
- Lindahl equilibrium
- linear programming
- loanable funds theory of the rate of interest
- long wages
- lump-of-labor theory of wages
- Lyapunov's theorem
- machinery question
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- managerial theories of the firm
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- NAIRU
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- national income
- nationalization
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- new class
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- non-accelerating inflation rate of unemployment
- non-competing groups
- non-nested hypothesis
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- occupation segregation
- Okun's law
- oligopoly theory
- opportunity cost
- optimal tariff theory
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- own rate of interest
- paradox of thrift
- paradox of value
- paradox of voting
- Pareto efficiency
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- partial equilibrium theory
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- perfect competition
- permanent income hypothesis
- Phillips curve
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- portfolio selection theory
- Prebisch-Singer thesis
- price discrimination
- privatization
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- profits, theories of
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- public choice
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- purchasing power parity
- quantity theory of money
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- rationing
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- returns to scale
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- roundabout method of production
- Rybczynski theorem
- satisficing
- Say's law
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- secular stagnation theory
- segmented labor market theory
- shadow pricing
- signalling
- Slutsky's theorem
- small is beautiful principle
- social welfare function
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- stock-flow analysis
- structure-conduct-performance theory
- substitution theory
- sunspot theory
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- surplus value
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- technological gap theory
- term structure of interest rates
- Thatcherism
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- underconsumption theory
- unemployment
- variable proportions, law of
- vent for surplus
- Verdoorn's law
- wages fund doctrine
- Wagner's law
- Walras's stability
- Weber's theory of the location of the firm
- Wicksell's theory of capital
- x-efficiency
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continuity thesis
An assertion that a continuum exists between the classical and neoclassical schools of economy which was not disrupted by the rise of the Marginalist movement of the 1870s.
Continuity thesis maintains that English economist Alfred Marshall (1842-1924) did not overturn classical economics but simply used sharper mathematical tools to refine Ricardian economics.
Also see: neo-classical theory
Source:
G F Shove, 'The Place of Marshall's Principles in the Development of Economic Theory', Economic Journal, vol.
LII (1942), 294-329
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