Price Theory and Applications / Edition 2

Price Theory and Applications / Edition 2

by Jack Hirshleifer
     
 

Rich with examples, this reality-based economics book continues its pioneering approach at integrating theory and applications, showing how macroeconomic analysis sheds light on market behavior, guides personal and financial decisions, and explains behavior in such areas as politics, crime, and the family. Presents over 100 topically varied, boxed 'Examples' which… See more details below

Overview

Rich with examples, this reality-based economics book continues its pioneering approach at integrating theory and applications, showing how macroeconomic analysis sheds light on market behavior, guides personal and financial decisions, and explains behavior in such areas as politics, crime, and the family. Presents over 100 topically varied, boxed 'Examples' which illustrate how economic models and principles help explain real-world phenomena, and intersperses more in-depth 'Applications' throughout, extending basic theory to topics of special interest, such as the economics of charitable contributions, the effects of import quotas, and minimum wage laws. Includes discussions and applications of economic analysis to historical phenomena; numerous non-US examples and illustrations; studies of topics and data from anthropology, law, biology, psychology, and other social sciences. Sixth Edition now analyzes time as a constraint upon consumption, provides a systematic introduction to the theory of games, and updates extensively throughout, with many new examples.For economists.

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Product Details

ISBN-13:
9780136997108
Publisher:
Prentice Hall
Publication date:
01/01/1980
Pages:
620

Meet the Author

Table of Contents

Preface
Ch. 1The Nature and Scope of Economics1
Ch. 2Working Tools25
Ch. 3Utility and Preference65
Ch. 4Consumption and Demand91
Ch. 5Applications and Extensions of Demand Theory129
Ch. 6The Business Firm159
Ch. 7Equilibrium in the Product Market - Competitive Industry193
Ch. 8Monopolies and Cartels225
Ch. 9The Product as a Variable257
Ch. 10Oligopoly and Strategic Behavior283
Ch. 11Demand for Factors of Production309
Ch. 12Resource Supply and Factor-Market Equilibrium347
Ch. 13Exchange, Transaction Costs, and Money387
Ch. 14The Economics of Time427
Ch. 15Welfare Economics: The Market and the State473
Ch. 16Government, Conflict, and Cooperation513
Answers to Selected Questions549
Name Index577
Subject Index581

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