ABSTRACT

The articles in this volume, originally published in a variety of journals between 1890 and 1937, deal with the themes of the distribution of income and welfare. Highlighting the contribution which Hobson made to welfare economics and the way in which he distanced himself from his more orthodox contemporaries in interpretation, the articles also show the changes in Hobson’s views over the decades in which they were written. This is a fascinating collection of material that provides an unparalleled depth of insight into the views of one of the most important economic thinkers of the early twentieth century.

chapter |11 pages

Introduction

chapter 1|26 pages

The Law of the Three Rents

The Quarterly Journal of Economics April, 1891

chapter 2|24 pages

The Element of Monopoly in Prices

The Quarterly Journal of Economics October, 1891

chapter 7|24 pages

Marginal Units in the Theory of Distribution

The Journal of Political Economy September—1904

chapter 8|10 pages

Marginal Productivity