The Framework Of Price Theory

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Price Theory

Author : Milton Friedman
Publisher : Routledge
ISBN 13 : 1351496778
Total Pages : 377 pages
Book Rating : 4.3/5 (514 download)

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Book Synopsis Price Theory by : Milton Friedman

Download or read book Price Theory written by Milton Friedman and published by Routledge. This book was released on 2017-07-12 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Market Theory and the Price System

Author : Israel Mayer Kirzner
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610160290
Total Pages : 340 pages
Book Rating : 4.6/5 (11 download)

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Book Synopsis Market Theory and the Price System by : Israel Mayer Kirzner

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.

Chicago Price Theory

Author : Sonia Jaffe
Publisher : Princeton University Press
ISBN 13 : 0691198810
Total Pages : 248 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Chicago Price Theory by : Sonia Jaffe

Download or read book Chicago Price Theory written by Sonia Jaffe and published by Princeton University Press. This book was released on 2019-09-10 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Price Theory

Author : Harry Townsend
Publisher :
ISBN 13 :
Total Pages : 498 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Price Theory by : Harry Townsend

Download or read book Price Theory written by Harry Townsend and published by . This book was released on 1971 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Price Theory and Its Uses

Author : Donald Stevenson Watson
Publisher :
ISBN 13 :
Total Pages : 472 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Price Theory and Its Uses by : Donald Stevenson Watson

Download or read book Price Theory and Its Uses written by Donald Stevenson Watson and published by . This book was released on 1977 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Price Theory and Applications

Author : Jack Hirshleifer
Publisher : Cambridge University Press
ISBN 13 : 1139445456
Total Pages : 639 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Price Theory and Applications by : Jack Hirshleifer

Download or read book Price Theory and Applications written by Jack Hirshleifer and published by Cambridge University Press. This book was released on 2005-09-12 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).

The Fiscal Theory of the Price Level

Author : John H. Cochrane
Publisher : Princeton University Press
ISBN 13 : 0691243247
Total Pages : 585 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Fiscal Theory of the Price Level by : John H. Cochrane

Download or read book The Fiscal Theory of the Price Level written by John H. Cochrane and published by Princeton University Press. This book was released on 2023-01-17 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Price Theory

Author : David D. Friedman
Publisher : Thomson South-Western
ISBN 13 :
Total Pages : 584 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Price Theory by : David D. Friedman

Download or read book Price Theory written by David D. Friedman and published by Thomson South-Western. This book was released on 1986 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Foundations of a Pure Cost Theory

Author : Heinrich von Stackelberg
Publisher : Springer Science & Business Media
ISBN 13 : 3642345379
Total Pages : 163 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Foundations of a Pure Cost Theory by : Heinrich von Stackelberg

Download or read book Foundations of a Pure Cost Theory written by Heinrich von Stackelberg and published by Springer Science & Business Media. This book was released on 2013-10-23 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Heinrich von Stackelberg's book, "Grundlagen einer reinen Kostentheorie", published in 1932 was at the forefront of a growing conceptual revolution in the theory of the firm, a theory which appears more relevant than ever in today’s economic climate. In this work, Stackelberg masterfully built a theoretical framework which he later developed in Market Structure and Equilibrium. Foundations of a Pure Cost Theory represents the first translation of the original German version into English. This substantial book offers readers a critical and technical understanding of the firm, how firms function and the environments in which they operate. Fundamental notions of cost production, market economy, optimum position and velocities of production are given prominence. Ultimately, this work, which remains largely unknown, can be seen as a milestone text in our understanding of the strategies adopted by firms as a whole. The book has been meticulously translated from the German into English, retaining the author’s examples in their historical context and capturing the spirit of the time with all its subtlety and significance.

Price Theory

Author : William James Louden Ryan
Publisher : Palgrave
ISBN 13 : 9780333179130
Total Pages : 399 pages
Book Rating : 4.1/5 (791 download)

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Book Synopsis Price Theory by : William James Louden Ryan

Download or read book Price Theory written by William James Louden Ryan and published by Palgrave. This book was released on 1977-01-01 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The framework of price theory

Author : Clark Lee Allen
Publisher :
ISBN 13 :
Total Pages : 373 pages
Book Rating : 4.:/5 (954 download)

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Book Synopsis The framework of price theory by : Clark Lee Allen

Download or read book The framework of price theory written by Clark Lee Allen and published by . This book was released on 1967 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Just Price Theory

Author : Joaquín Reyes
Publisher : Bloomsbury Publishing
ISBN 13 : 1509963510
Total Pages : 207 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis Just Price Theory by : Joaquín Reyes

Download or read book Just Price Theory written by Joaquín Reyes and published by Bloomsbury Publishing. This book was released on 2023-08-10 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an original theory of the just price, and it is a welcome addition to scholarship on a radically underdeveloped field. This work reassesses the age-old idea that there is a just price of things, one that goes beyond the Scholastic tradition of the just price and its exclusive concern with commutative justice. There is more to just price theory than the concern for keeping equality of value between goods exchanged. Modern concerns over efficiency, autonomy, and distributive justice, can also find a place within a theory of the just price. The book: - Presents a new approach to just price theory through a broad analysis of different values and the incorporation of those conceptions into a wider normative framework - Argues that these different values ground varied conceptions of the just price, and - Promotes a virtue-based approach to price justification as an adequate framework for meeting the challenges that stem from each conception Perfect for scholars and students in the fields of jurisprudence, philosophy of private law, contract law, and political theory, this book makes a significant contribution to legal theory and the emerging field of the philosophy of economics.

Price Theory..

Author : W. J. L.. Ryan
Publisher :
ISBN 13 :
Total Pages : 396 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Price Theory.. by : W. J. L.. Ryan

Download or read book Price Theory.. written by W. J. L.. Ryan and published by . This book was released on 1967 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Theory of Price

Author : George Joseph Stigler
Publisher : MacMillan Publishing Company
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Theory of Price by : George Joseph Stigler

Download or read book The Theory of Price written by George Joseph Stigler and published by MacMillan Publishing Company. This book was released on 1987 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Implementing Value Pricing

Author : Ronald J. Baker
Publisher : John Wiley & Sons
ISBN 13 : 047092957X
Total Pages : 78 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis Implementing Value Pricing by : Ronald J. Baker

Download or read book Implementing Value Pricing written by Ronald J. Baker and published by John Wiley & Sons. This book was released on 2010-11-29 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for IMPLEMENTING VALUE PRICING A Radical Business Model for Professional Firms "Ron Baker is the most prolific and best writer when it comes to pricing services. This is a must-read for executives and partners in small to large firms. Ron provides the basics, the advanced ideas, the workbooks, the case studies everything. This is a must-have and a terrific book." Reed K. Holden founder and CEO, Holden Advisors, Corp., Associate Professor, Columbia University www.holdenadvisors.com "We've known through Ron Baker's earlier books that he's not just an extraordinary thinker and truly brilliant writer he's a mover and a shaker on a mission. This is the End of Time! Brilliant." Paul Dunn Chairman, B1G1® www.b1g1.com "Implementing Value Pricing is a powerful blend of theory, strategy, and tactics. Ron Baker's most recent offering is ambitious in scope, exploring topics that include economic theory, customer orientation, value identification, service positioning, and pricing strategy. He weaves all of them together seamlessly, and includes numerous examples to illustrate his primary points. I have applied the knowledge I've gained from his body of work, and the benefits to me and to my customers have been immediate, significant, and ongoing." Brent Uren Principal, Valuation & Business Modeling Ernst & Young® www.ey.com "Ron Baker is a revolutionary. He is on a radical crusade to align the interests of service providers with those of their customers by having lawyers, accountants, and consultants charge based on the value they provide, rather than the effort it takes. Implementing Value Pricing is a manifesto that establishes a clear case for the revolution. It provides detailed guidance that includes not only strategies and tactics, but key predictive indicators for success. It is richly illustrated by the successes of firms that have embraced value-based pricing to make their services not only more cost-effective for their customers, but more profitable as well. The hallmark of a manifesto is an unyielding sense of purpose and a call to action. Let the revolution begin." Robert G. Cross, Chairman and CEO, Revenue Analytics, Inc. Author, Revenue Management: Hard-Core Tactics for Market Domination

Issues in Pricing

Author : Timothy Michael Devinney
Publisher : Free Press
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Issues in Pricing by : Timothy Michael Devinney

Download or read book Issues in Pricing written by Timothy Michael Devinney and published by Free Press. This book was released on 1988 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Market Theory and the Price System

Author : Israel M. Kirzner
Publisher : Collected Works of Israel M. K
ISBN 13 : 9780865977594
Total Pages : 0 pages
Book Rating : 4.9/5 (775 download)

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Book Synopsis Market Theory and the Price System by : Israel M. Kirzner

Download or read book Market Theory and the Price System written by Israel M. Kirzner and published by Collected Works of Israel M. K. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second volume in Liberty Fund's Collected Works of Israel M. Kirzner series, Market Theory and the Price System was published in 1963 as Kirzner's first (and only) textbook. This volume presents an integrated view of Austrian price theory. The basic aim of Market Theory is to utilize the tools of economic reasoning to explain the market process. The unique framework Kirzner develops for microeconomic analysis, following Mises and Hayek, examines errors in decision-making, entrepreneurial profit, and competition as a process of discovery and learning. Israel M. Kirzner is a leading economist in the Austrian School and Professor Emeritus of Economics at New York University. Peter J. Boettke is University Professor of Economics and Philosophy at George Mason University and the BB&T Professor for the Study of Capitalism at the Mercatus Center. Fr d ric Sautet is a visiting associate professor of economics at the Catholic University of America. Previously, he has taught at George Mason University, New York University, and the University of Paris Dauphine. Please note: This title is available as an ebook for purchase on Amazon, Barnes and Noble, and iTunes.