RichardJones
Supply in a Market Economy
Supply in a Market Economy
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Supply in a Market Economy was a groundbreaking micro-economics text that assessed the usefulness of traditional theory and compared and contrasted alternative approaches to the allocation of scarce resources. It covered the standard theories of the firm, production, cost, and scale, and analyzed the relationship between these theories and market structures. The book was invaluable for first and second-year students of microeconomics and provided a 'real-world examination of markets in action.
Format: Paperback / softback
Length: 188 pages
Publication date: 05 November 2023
Publisher: Taylor & Francis Ltd
Originally published in 1976, Supply in a Market Economy was a groundbreaking introductory micro-economics text that not only assessed the usefulness of traditional theory in tackling social and economic problems but also compared and contrasted alternative approaches to the practical challenges inherent in the allocation of scarce resources. Authored by Richard Jones, the book successfully merged the most valuable aspects of a standard microeconomics theory book with empirical and applied material, which are typically addressed separately in second-year surveys of industrial organization.
The book provides comprehensive coverage of the standard theories of the firm, production, cost, and scale, as well as recent critiques of these theories and alternative approaches that are currently being proposed. Integrated into this theoretical framework is a clear analysis of the relationship between these theories and market structures, as well as a 'real-world examination of markets in action. This includes individual sections on rent control, the water supply industry, the impact of taxation on commodities, and the economics of crime and its prevention.
Supply in a Market Economy emerged as an invaluable new course-book for first and second-year students of microeconomics, particularly for those non-specialists eager to see the relevance and applications of traditional theory to real-world problems. However, it can also be read in its historical context, allowing readers to appreciate the evolution of economic thought and the contributions made by various scholars over time.
Weight: 360g
Dimension: 216 x 138 (mm)
ISBN-13: 9781032129181
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