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Author : Milton Friedman
Publisher : Walter de Gruyter GmbH & Co KG
Page : 368 pages
File Size : 51,8 Mb
Release : 2021-03-22
Category : Business & Economics
ISBN : 9783112417522
Author : Sonia Jaffe,Robert Minton,Casey B. Mulligan,Kevin M. Murphy
Publisher : Princeton University Press
Page : 248 pages
File Size : 40,6 Mb
Release : 2019-09-10
Category : Business & Economics
ISBN : 9780691198811
An authoritative textbook based on the legendary economics course taught at the University of Chicago Price theory is a powerful analytical toolkit for measuring, explaining, and predicting human behavior in the marketplace. This incisive textbook provides an essential introduction to the subject, offering a diverse array of practical methods that empower students to learn by doing. Based on Economics 301, the legendary PhD course taught at the University of Chicago, the book emphasizes the importance of applying price theory in order to master its concepts. Chicago Price Theory features immersive chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, the value of a statistical life, and occupational choice. It looks at human behavior in the aggregate of an industry, region, or demographic group, but also provides models of individuals when they offer insights about the aggregate. The book explains the surprising answers that price theory can provide to practical questions about taxation, education, the housing market, government subsidies, and much more. Emphasizes the application of price theory, enabling students to learn by doing Features chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, and the value of a statistical life Supported by video lectures taught by Kevin M. Murphy and Gary Becker The video course enables students to learn the theory at home and practice the applications in the classroom
Author : Deirdre N. McCloskey
Publisher : Unknown
Page : 662 pages
File Size : 41,9 Mb
Release : 1985
Category : Business & Economics
ISBN : WISC:89014209555
Author : John Cochrane
Publisher : Princeton University Press
Page : 585 pages
File Size : 49,5 Mb
Release : 2023-01-17
Category : Business & Economics
ISBN : 9780691243245
A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts. The fiscal theory is well suited to today’s economy: Financial innovation undermines money demand, and central banks don’t control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book presents a comprehensive account of this important theory from one of its leading developers and advocates. John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of monetary policy. He generalizes the theory to explain data and make realistic predictions. For example, inflation decreases in recessions despite deficits because discount rates fall, raising the value of debt; specifying that governments promise to partially repay debt avoids classic puzzles and allows the theory to apply at all times, not just during periods of high inflation. Cochrane offers an extensive rethinking of monetary doctrines and institutions through the eyes of fiscal theory, and analyzes the era of zero interest rates and post-pandemic inflation. Filled with research by Cochrane and others, The Fiscal Theory of the Price Level offers important new insights about fiscal and monetary policy.
Author : Jerry M. Fusselman,David D. Friedman
Publisher : Unknown
Page : 0 pages
File Size : 52,6 Mb
Release : 1968
Category : Electronic
ISBN : OCLC:765774474
Author : David D Friedman
Publisher : Unknown
Page : 556 pages
File Size : 51,5 Mb
Release : 2019-08-16
Category : Electronic
ISBN : 1072397366
Price theory, often misleadingly labeled "microeconomics," is the explanation of how individual actors coordinate via markets, prices, and exchange to produce, distribute, and consume goods and services. Worked out more than a century ago, it remains the core of modern economic theory. This text, first published in 1986 and now combining material from the first two editions, emphasizes understanding over formal analysis, using verbal explanation to supplement mathematical argument. While optional sections require an understanding of calculus, the central arguments do not. The theory, once worked out, is applied both to the conventional topics of the classroom and to less obviously economic features of human behavior-love, marriage, crime, politics."Although the range of behavior analyzed with the economic way of thinking has been greatly extended during the past several decades, textbooks on economic principles generally have taken a much narrower view of the scope of economics. This is not surprising since recent developments in a scientific field usually do not find their way into textbooks for many years. Fortunately, several economics texts in recent years have begun to take a broader view, and this text by David Friedman does so in the most thoroughgoing and satisfactory manner of any that I have seen. Every chapter shows evidence of a skilled and imaginative economist applying his tools to the world around him."(From the forward by Gary Becker)
Author : Donald Stevenson Watson,Mary A. Holman
Publisher : Unknown
Page : 472 pages
File Size : 45,7 Mb
Release : 1977
Category : Business & Economics
ISBN : UOM:39015006466851
Author : Frederic S. Lee
Publisher : Cambridge University Press
Page : 293 pages
File Size : 40,9 Mb
Release : 1999-02-04
Category : Business & Economics
ISBN : 9781139426978
This book sets out the foundations of post-Keynesian price theory. Blending theory and analysis it is the first comprehensive assessment of post-Keynesian price theory and its foundations. Scholars and students will particularly welcome the emphasis on the non-neoclassical and non-equilibrium nature of post-Keynesian price theory.
Author : Israel Mayer Kirzner
Publisher : Ludwig von Mises Institute
Page : 340 pages
File Size : 46,9 Mb
Release : 2007
Category : Electronic
ISBN : 9781610160292
Israel Kirzner's outstanding book on price theory is back in print. It is been very difficult to obtain it for decades, even though it is surely the best textbook on Austrian price theory ever written. The prose is crystal clear and the organization exceptional. He takes the reader through the foundations of individual action, exchange, utility, demand and supply, production, and the market process itself. Had it been in print, it would have schooled generations in Austrian price theory, and it is surely useful in the classroom today, or for general reading. Not a collection of essays, it is an integrated presentation from top to bottom, written early in Kirzner's post-doctoral career.
Author : Franklin M. Fisher,Karl Shell
Publisher : Academic Press
Page : 134 pages
File Size : 50,7 Mb
Release : 2014-05-10
Category : Business & Economics
ISBN : 9781483271156
The Economic Theory of Price Indices: Two Essays on the Effects of Taste, Quality, and Technological Change is concerned with the effects of consumer taste, product quality, and technological change on price indices. Special attention is paid on technological change in the simple two-sector production model of Rybczynski and Uzawa. The effects of the general case of changing factor supplies and factor-augmenting change on the real national output deflator are also examined. Comprised of two essays, this book begins with an analysis of the pure theory of the true cost-of-living index, which may be considered as an idealization of indices like the consumer price index and others of that type. The essay explores how the true cost-of-living index is affected by changes in consumer taste, quality changes in purchased goods, and the introduction of new goods into the market place. The second essay deals with the pure theory of the national output deflator and provides a foundation for the measurement of real national output (or product). It shows that the usual inequalities relating Paasche and Laspeyres to the true index are reversed (from what they are in cost-of-living theory) for the case of production. It also assesses the implications of changing production possibilities caused by technological change or a change in factor supplies. This monograph will be a useful resource for mathematicians, economists, and others interested in economic theory and mathematical economics.
Author : Bedros Peter Pashigian
Publisher : McGraw-Hill Companies
Page : 792 pages
File Size : 55,9 Mb
Release : 1995
Category : Business & Economics
ISBN : UOM:39015032564513
Author : Roy Ruffin
Publisher : Scott Foresman
Page : 552 pages
File Size : 54,5 Mb
Release : 1988
Category : Business & Economics
ISBN : UOM:49015002545037
Author : Milton Friedman
Publisher : Transaction Publishers
Page : 377 pages
File Size : 45,8 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780202309699
Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive economics. The desirability of these effects on income distribution is a problem of normative economics. Within economics, the major division is between monetary theory and price theory. Monetary theory deals with the level of prices in general, with cyclical and other fluctuations in total output, total employment, and the like. Price theory deals with the allocation of resources among different uses, the price of one item relative to another. Prices do three kinds of things. They transmit information, they provide an incentive to users of resources to be guided by this information, and they provide an incentive to owners of resources to follow this information. Milton Friedman's classic book provides the theoretical underpinning for and understanding of prices. Economics is not concerned solely with economic problems. It is a social science, and is therefore concerned primarily with those economic problems whose solutions involve the cooperation and interaction of different individuals. It is concerned with problems involving a single individual only insofar as the individual's behavior has implications for or effects upon other individuals. Price Theory is concerned not with economic problems in the abstract, but with how a particular society solves its economic problems.
Author : Jack Hirshleifer,Amihai Glazer
Publisher : Unknown
Page : 568 pages
File Size : 49,5 Mb
Release : 1992
Category : Business & Economics
ISBN : STANFORD:36105018305115
Aims to strike a balance between economic theory and applications while describing how economics can help in understanding market behaviour. As well as personal and financial decisions, other areas of behaviour in areas such as politics and crime are also linked to basic economics.
Author : Jack Hirshleifer,Amihai Glazer,David Hirshleifer
Publisher : Cambridge University Press
Page : 638 pages
File Size : 49,6 Mb
Release : 2005-09-12
Category : Business & Economics
ISBN : 0521818648
This seventh edition of the book offers extensive discussion of information, uncertainty, and game theory.