Foreword -- Praise for the Book -- About the Translators -- Translators' Commentary -- 1 Foundations -- 2 Costs in Single Production -- 3 Costs in Joint Production -- 4 The Movement of Costs and the Structure of the Market Economy -- Appendix.

Rothbard (1993, pp. 638-45) refuted the important economic fallacy that excess capacity is a normal consequence of profit maximizing behavior by businesses in some industries when they are in long-run equilibrium. And, in so doing provided a manifest example of misuse of mathematics in modern...