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Microeconomics in Words

Af: Gregory Besharov Engelsk Hardback
SPAR
kr 75

Microeconomics in Words

Af: Gregory Besharov Engelsk Hardback
The claims of economists about the successes and failures of markets have enormous influence in public debates, yet the sources of those claims are often unclear. Microeconomics in Words demystifies microeconomic analyses by showing how they depend on simplifying assumptions and ethical judgments that could be made differently. As microeconomics is a model-based discipline, this book addresses what makes outcomes efficient in models of markets, and it questions when market efficiency is desirable. To make the material more accessible and to provide context for the ideas, the book adopts a word-based rather than mathematical approach and uses many examples from literary classics. Starting with the basic model of supply and demand, the book layers on complications of taxes, market failures and their solutions, limitations on correcting them, and transaction costs and institutions. It focuses on both the insights and the limitations of economic analyses - not only what has been formally proven but also what is discussed less formally in seminars and articles. The book then turns to the topics of free trade and controversial markets for cigarettes and transplant organs to show how the tools and concepts that have been developed are used, and not used, in practice.
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The claims of economists about the successes and failures of markets have enormous influence in public debates, yet the sources of those claims are often unclear. Microeconomics in Words demystifies microeconomic analyses by showing how they depend on simplifying assumptions and ethical judgments that could be made differently. As microeconomics is a model-based discipline, this book addresses what makes outcomes efficient in models of markets, and it questions when market efficiency is desirable. To make the material more accessible and to provide context for the ideas, the book adopts a word-based rather than mathematical approach and uses many examples from literary classics. Starting with the basic model of supply and demand, the book layers on complications of taxes, market failures and their solutions, limitations on correcting them, and transaction costs and institutions. It focuses on both the insights and the limitations of economic analyses - not only what has been formally proven but also what is discussed less formally in seminars and articles. The book then turns to the topics of free trade and controversial markets for cigarettes and transplant organs to show how the tools and concepts that have been developed are used, and not used, in practice.
Produktdetaljer
Sprog: Engelsk
Sider: 304
ISBN-13: 9780198894353
Indbinding: Hardback
Udgave:
ISBN-10: 019889435X
Udg. Dato: 7 maj 2024
Længde: 20mm
Bredde: 240mm
Højde: 160mm
Forlag: Oxford University Press
Oplagsdato: 7 maj 2024
Forfatter(e): Gregory Besharov
Forfatter(e) Gregory Besharov


Kategori Økonomisk teori og filosofi


Sprog Engelsk


Indbinding Hardback


Sider 304


Udgave


Længde 20mm


Bredde 240mm


Højde 160mm


Udg. Dato 7 maj 2024


Oplagsdato 7 maj 2024

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