How Markets Work (Paperback)

Robert E. Prasch

ISBN 10: 184720614X / ISBN 13: 9781847206145

Editore: Edward Elgar Publishing Ltd, Cheltenham, 2008

Paperback. How Markets Work presents a new and refreshing introduction to elementary economics. The venerable theory of supply and demand is reconstituted upon plausible and defensible assumptions concerning human nature, the law, and the facts of everyday life - in short - the 'Real World'. The message is that markets differ in ways that matter. Starting with a brief survey of property and contract law, the lectures develop several 'ideal types' of markets - such as credit, assets, and labor - while illuminating the similarities and differences among them. Care has been taken to ensure that the reformulations presented are accessible to students and compatible with a variety of non-mainstream traditions in economic thought.Topics covered include the theory of markets, labor markets, market processes when influenced by the availability of information, and social, ethical and political considerations. Also discussed are commodity, credit and asset markets, contracts, dynamics of labor markets, and the economics of discrimination.This book is intended as an essential supplemental text for undergraduate economics students, particularly in heterodox programs, as well as for those in companion liberal arts and sociology fields looking for an accessible introduction to essential economic theory. How Markets Work presents a new and refreshing introduction to elementary economics. Also discussed are commodity, credit and asset markets, contracts, dynamics of labor markets, and the economics of discrimination. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Codice articolo 9781847206145

Riassunto:

How Markets Work presents a new and refreshing introduction to elementary economics. The venerable theory of supply and demand is reconstituted upon plausible and defensible assumptions concerning human nature, the law, and the facts of everyday life - in short - the 'Real World'. The message is that markets differ in ways that matter. Starting with a brief survey of property and contract law, the lectures develop several 'ideal types' of markets - such as credit, assets, and labor - while illuminating the similarities and differences among them. Care has been taken to ensure that the reformulations presented are accessible to students and compatible with a variety of non-mainstream traditions in economic thought.

Topics covered include the theory of markets, labor markets, market processes when influenced by the availability of information, and social, ethical and political considerations. Also discussed are commodity, credit and asset markets, contracts, dynamics of labor markets, and the economics of discrimination.

This book is intended as an essential supplemental text for undergraduate economics students, particularly in heterodox programs, as well as for those in companion liberal arts and sociology fields looking for an accessible introduction to essential economic theory.

Informazioni sull'autore: the late Robert E. Prasch, formerly Associate Professor of Economics, Middlebury College, US

Dati bibliografici

Titolo: How Markets Work (Paperback)
Casa editrice: Edward Elgar Publishing Ltd, Cheltenham
Data di pubblicazione: 2008
Legatura: Paperback
Condizione: new