Market Theory And The Price System

Author : Israel Mayer Kirzner
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610160290
Total Pages : 340 pages
Book Rating : 4.92/5 ( download)

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Download or read book Market Theory and the Price System written by Israel Mayer Kirzner and published by Ludwig von Mises Institute. This book was released on 2007 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Milton M. Shapiro
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610162854
Total Pages : 426 pages
Book Rating : 4.52/5 ( download)

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Download or read book Foundations of the Market Price System written by Milton M. Shapiro and published by Ludwig von Mises Institute. This book was released on 1985 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Paul Milgrom
Publisher : Columbia University Press
ISBN 13 : 023154457X
Total Pages : 222 pages
Book Rating : 4.73/5 ( download)

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Download or read book Discovering Prices written by Paul Milgrom and published by Columbia University Press. This book was released on 2017-05-23 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.

Author : Esteban F. Thomsen
Publisher : Routledge
ISBN 13 : 1134915578
Total Pages : 160 pages
Book Rating : 4.76/5 ( download)

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Download or read book Prices and Knowledge written by Esteban F. Thomsen and published by Routledge. This book was released on 2002-01-22 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1992. Routledge is an imprint of Taylor & Francis, an informa company.

Author : Israel M. Kirzner
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.00/5 ( download)

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Download or read book Market Theory and the Price System written by Israel M. Kirzner and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Thorstein Veblen
Publisher : Viking Adult
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.N7/5 ( download)

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Download or read book The Engineers and the Price System written by Thorstein Veblen and published by Viking Adult. This book was released on 1921 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Robert Dorfman
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.54/5 ( download)

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Download or read book The Price System written by Robert Dorfman and published by . This book was released on 1964 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains theoretical concepts of information, decision and control, relating the analytic apparatus of economics to practices of businessmen, accountants, and everyday consumers.

Author : Jonathan Roffe
Publisher : Palgrave Macmillan
ISBN 13 : 9781137511744
Total Pages : 0 pages
Book Rating : 4.45/5 ( download)

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Download or read book Abstract Market Theory written by Jonathan Roffe and published by Palgrave Macmillan. This book was released on 2015-09-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial markets play a huge role in society but theoretical reflections on what constitutes these markets are scarce. Drawing on sources in philosophy, finance, the history of modern mathematics, sociology and anthropology, Abstract Market Theory elaborates a new philosophy of the market in order to redress this gap between reality and theory.

Author : Richard H. Leftwich
Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.93/5 ( download)

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Download or read book The Price System and Resource Allocation written by Richard H. Leftwich and published by . This book was released on 1966 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Paul de Grauwe
Publisher : Oxford University Press
ISBN 13 : 0198784287
Total Pages : 182 pages
Book Rating : 4.89/5 ( download)

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Download or read book The Limits of the Market written by Paul de Grauwe and published by Oxford University Press. This book was released on 2017 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?