P

Packe, Michael St. John, 364n.

Palyi, Melchior, 438

Paper currencies, 154-155

Paper money, 155

Peanut schemes, 185

Petro, Sylvester, 426

Petty, 362

Piano, and stool, 314, 434

Pig iron production, 326

Pigou, A. C., 11, 14, 16, 24, 55, 60, 76, 197, 244, 260, 264-267, 269, 363n., 402-403, 409

Population, 246, 432

Postulates of Keynesian Economics, 13-31

Pound sterling, 258

Poverty and Waste,360n.

President’s Economic Report, 411

Price control, 349

Prices, 288-295, 296-318

interconnectedness of, 385

“level of,” 24-25, 278, 296-298, 316

millions of, 278

and money, 295-318

theory of, 301-305

Printing press, race with, 425-426

Probability, 172-173

Production, 449

Production, roundabout, 229

Productivity, of capital, marginal, 157

of labor, marginal, 13-14, 19-20

physical vs. value, 20-21

theory of interest, 198 ff.

Projectiles, 307

“Propensity to consume,” 49 ff., 98-134, 429

marginal, 136

Propensity to work, 378

Protection, 337-339, 396

Prudence, derision of, 127

Pseudo-idleness, 389

“Psychological law,” 50, 106 ff., 429

Pyramids, 152, 441

Pythagoras, 348