1# Library to Find Best eBook for Read
Author : Milton M. Shapiro
Release : 1985
Genre : Microeconomics
Kind : eBook
Book Rating : 854/5 ( reviews)
Book Synopsis Foundations of the Market Price System by : Milton M. Shapiro
Download or read book Foundations of the Market Price System written by Milton M. Shapiro. This book was released on 1985. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Milton M. Shapiro
Release : 2007
Genre :
Kind : eBook
Book Rating : 650/5 ( reviews)
Book Synopsis Foundations of the Market Price System by : Milton M. Shapiro
Download or read book Foundations of the Market Price System written by Milton M. Shapiro. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: Murray Rothbard just loved this Austrian text on microeconomic theory. In fact, he thought it was the best text available - except that it has only been sporadically available since it was first published in 1974. It is characterized by a strong pedagogical drive, a logical precision, and an excellent presentation that competes directly with mainstream alternatives except that this one follows Rothbardian logic. The typesetting is from a typewriter, which is unfortunate, but it is nonetheless very clear, as are the graphical expositions. This reprint preserves the original.
Author : Esteban F. Thomsen
Release : 2002-01-22
Genre : Business & Economics
Kind : eBook
Book Rating : 578/5 ( reviews)
Book Synopsis Prices and Knowledge by : Esteban F. Thomsen
Download or read book Prices and Knowledge written by Esteban F. Thomsen. This book was released on 2002-01-22. Available in PDF, EPUB and Kindle. Book excerpt: The growth of information economics has lead to a substantial re-consideration of the role of prices. Instead of the conventional neo-classical view of prices as straightforward indicators of scarcity, information economics emphasises that prices can be sources from which agents infer information and means by which they communicate. Prices and Knowledge analyses different theoretical approaches to the role of prices in situations of imperfect information. It shows that whilst the `informational efficiency' approach of Grossman and Stiglitz and the `bounded rationality theory' of Nelson and Simon are useful, neither goes far enough in considering situations of disequilibrium.
Author : Israel Mayer Kirzner
Release : 2007
Genre :
Kind : eBook
Book Rating : 290/5 ( reviews)
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. This book was released on 2007. 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 : Paul Milgrom
Release : 2017-05-23
Genre : Business & Economics
Kind : eBook
Book Rating : 57X/5 ( reviews)
Book Synopsis Discovering Prices by : Paul Milgrom
Download or read book Discovering Prices written by Paul Milgrom. This book was released on 2017-05-23. 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.
