NuméraireThe Library · the elements

The Elements

A periodic table of the price system. Twenty-six elemental quantities of economic life — the prices, the quantities they move, the ways they fail, the institutions that hold them, the aggregates they sum to, and the human conduct beneath — arranged in descent, from the surface of exchange to its substrate. The Wage, the price of labor, is № I. The filled cell is the volume so far set in type; the lines trace the mechanisms that volumes share.

IWgThe WageIIRnThe RentIIIRtThe RateIVPmThe PremiumVSpThe SpreadVIMgThe MarginVIISuThe SurplusVIIILdThe LedgerIXUtThe UtilityXPwThe PowerXIExThe ExternalityXIIAsThe AsymmetryXIIICmThe CommonsXIVFmThe FirmXVCtThe ContractXVIMoThe MoneyXVIITxThe TaxXVIIIRuThe RuleXIXCyThe CycleXXGrThe GrowthXXILvThe LevelXXIIShThe ShareXXIIIChThe ChoiceXXIVBsThe BiasXXVGmThe GameXXVINmThe NormPRICESprimitives of valueQUANTITIESwhat is measuredFAILURESwhere price misfiresINSTITUTIONSthe machineryAGGREGATESthe macro emergentBEHAVIORSthe agent itself
Pricesprimitives of value
Quantitieswhat is measured
Failureswhere price misfires
Institutionsthe machinery
Aggregatesthe macro emergent
Behaviorsthe agent itself

 set in type — the remaining twenty-five forthcoming  ·  the faint lines mark a mechanism two volumes share: monopsony reaching from The Wage into The Power and The Rule; the Pigovian tax binding The Externality to The Tax; the quantity theory tying The Money to The Level.