M

“Macro-economics,” 28, 274, 415, 427

Malthus, Thomas R., 5, 38, 40-43, 57, 58, 355-362, 434

Manchester Guardian,338

Mandeville, Bernard, 171, 355-362, 434

Mantoux, Etienne, 438

Marget, Arthur W., 437

Marginal efficiency of capital, 156-172, 232, 319-322, 430, 432, 434

at zero, 232

Marginal theory, 297

Marryat, Captain, 361n.

Marshall, Alfred, 3, 11, 24, 42, 55, 60, 76, 104n., 193-194, 197, 201, 230, 245, 292, 304, 308, 346

Marx, Karl, 2, 4, 11, 55, 63-64, 235, 313, 413

Marxism, 286, 318, 380, 416

and Keynesism, 318

Mathematical economics, 45, 72-74, 98-106, 290-291, 305-308, 311-312, 429

Mature economy, 234, 370-371

Maximum, Law of the, 349

Medieval Church, 351

Menger, Carl, 14, 55, 286

Menuhin, Yehudi, 62

Mercantilism, 337-373, 443

Mercantilists, 9, 337-373, 434

Midshipman Easy, 361n.

Mill, James, 11, 36

Mill, John Stuart, 5, 6, 7, 11, 34-35, 38, 70, 219, 293n., 294, 340, 346, 362-371

Mink-coat, 185

Misers, 355-361

Mises, Ludwig von, 12, 32, 55, 57n., 70, 71n., 104n., 194-196, 203-204, 213, 215, 246n., 249, 286, 292, 293, 301n., 345n., 437, 438

Mitchell, Wesley C., 67, 140-141, 320, 326

“Modernist stuff,” 435

Modigliani, Franco, 438

Monetary theory, 291-295, 299-301, 433

“Monetary veil,” 212, 294

Money, 189-192, 288-295, 296-318, 430

as “barren,” 221, 354, 431

as “link” to future, 294

as medium of exchange, 191, 294-295

and prices, 296-318

as productive asset, 189-192, 431

quality of, 300

quantity theory of, 298

as standard of value, 312-313

as store of wealth, 190-191

theory of, 299-301

velocity of circulation, 300-301

Money supply, 432

“Money-wage,” (seeWages)

Moneylenders, 316-318

Moore, Geoffrey H., 326-327, 448

Moore, Gerald E., 46n., 291n.

Motives for saving, 128-131

Multiplier theory, 135-155, 429-430