Economics: A Theory of Prices Based on Supply and Demand

by Russell Hasan

Overview

According to supply-and-demand economics, certain basic principles hold true: when supply goes up, prices go down, and when supply goes down, prices go up; when demand goes up, prices go up, and when demand goes down, prices fall. It is also generally understood that increasing the money supply causes inflation and shrinking the money supply lowers inflation. But why does this happen? How does this happen? Nobody truly understands this. This book is the missing piece of the puzzle of economics, which explains, in clear and precise detail, exactly how and why these things happen.
The entire set of ideas presented in this book is based on one core mathematical formula: Price equals Demand divided by Supply, where Demand equals an amount of money spent to buy a Supply, and a Supply is a Quantity of Value produced by makers and sold by sellers to buyers. In shorthand mathematical logic, this is stated as P = D/S. A bright, colorful, rich, detailed set of ideas and wisdom and understanding flows from this simple idea of economic logic. This logic also inevitably leads to certain implications for politics and public policy, the chief of which is that, to make things cheaper and more affordable, you must increase the Supply, because, if you try to give people free money to pay for the prices of things, this can only increase Demand, which will raise Prices, achieving no net benefit for anyone, and causing the grief of inflation for everyone. If you want to understand economics, you simply must read this book, because you will not find this analysis in any other book.
This essay is a must-read masterpiece at the intersection of economics, math, logic and philosophy.

Product Details

BN ID:	2940181292918
Publisher:	Russell Hasan
Publication date:	04/20/2025
Sold by:	Draft2Digital
Format:	eBook
File size:	255 KB

About the Author

Russell Hasan was born the son of a white Jewish mother and a dark-skinned Muslim father—and that isn't the strangest thing about him. His father had ties to the mafia—nope, not the weirdest thing about him. He thought he was a gay man for many years before realizing he is agender asexual—relatively normal compared to what truly makes him strange. Do you want to know what the weirdest, strangest thing about Russell is?

He's a WRITER.

Yes, that's right. He writes. Why? How? Why would he want to do that to himself? How could he allow this to happen to himself? He is still trying to figure that one out. Therapy can cure lots of things and alcohol and drugs can cure other things, but the only cure for being a writer is to write, so he writes. He's not into BDSM, yet for some reason he has chosen to punish himself by having a passion for writing and a need to write. Despite having made the huge mistake of choosing to be a writer, his books have sold over 10,000 copies, so perhaps it was not the worst mistake he ever made after all. He does not have one particular bestseller but has instead spread those 10,000 sales across many books he wrote. His magical journey of self-torture begins when he has the idea for a new book, and then continues when he wakes up at 6am to write from 6am to 8am before work every day (he has a day job—he's not insane! His day job is being a lawyer, the most boring, evil job in the world, by the way), and, after many cups of Starbucks matcha tea and Coca Cola (never Pepsi—yuck!) he somehow puts words onto a page. He has written 30 books, both nonfiction and fiction, but, as something of a twist on the traditional successful indie author model, he is known more for his indie nonfiction, not his fiction. But he does write fiction. Some of his fiction is good too, probably, he hopes.