The Online Library of Liberty

A project of Liberty Fund, Inc.

• Acknowledgements
• G. F. Thirlby, Preface
• 1: James M. Buchanan, Introduction: L.s.e. Cost Theory In Retrospect
• 2: Lionel Robbins, Remarks Upon Certain Aspects of the Theory of Costs
• 3: F. A. Von Hayek, Economics and Knowledge
• 4: R.s. Edwards, the Rationale of Cost Accounting
• 5: R.h. Coase, Business Organization and the Accountant
• 6: G.f. Thirlby, the Subjective Theory of Value and Accounting ‘cost’
• 7: G.f. Thirlby, the Ruler
• 8: G.f. Thirlby, the Economist's Description of Business Behaviour
• 9: Jack Wiseman, Uncertainty, Costs, and Collectivist Economic Planning
• 10: Jack Wiseman, the Theory of Public Utility Price— an Empty Box
• 11: G.f. Thirlby, Economists’ Cost Rules and Equilibrium Theory

Acknowledgements

Beyond making the typography and general lay-out of each more or less uniform, these papers are reprinted as they first appeared in their respective books and journals.

The London School of Economics gratefully acknowledges permission to reprint copyright material from the following:

From Lord Robbins and from the Royal Economic Society for ‘Remarks upon Certain Aspects of the Theory of Cost’, published in the Economic Journal, March 1934.

From Professor F. A. Hayek and from the Editorial Board of Economica for ‘Economics and Knowledge’, published in Economica, February 1937.

From Professor Sir Ronald Edwards and from Sir Arnold Plant for ‘The Rationale of Cost Accounting’, published in A. Plant (ed.), Some Modern Business Problems, Longman, 1937.

From Mr G. F. Thirlby and the Editorial Board of Economica for ‘The Subjective Theory of Value and Accounting “Cost”’ (Economica, February 1946), for ‘The Economist's Description of Business Behaviour’ (Economica, May 1952), and for ‘Economists’ Cost Rules and Equilibrium Theory’ (Economica, May 1960).

From Mr G. F. Thirlby and the Editorial Board of the South African Journal of Economics for ‘The Ruler’, published in that journal, Vol. 14, No 4, December 1946.

From Professor J. Wiseman and the Editorial Board of Economica for ‘Uncertainty, Costs and Collective Economic Planning’, published in Economica May 1953.

From Professor J. Wiseman and the Clarendon Press for ‘The Theory of Public Utility Price–an Empty Box’, published in Oxford Economic Papers, Vol. 9. Oxford University Press, Oxford, 1957.