Action and choice : an introduction to economics / Walter E. Block, Ivan Jankovic.
2022
HB171.5 .B56 2022eb
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Title
Action and choice : an introduction to economics / Walter E. Block, Ivan Jankovic.
Author
Block, Walter, 1941- author.
ISBN
9789811937514 (electronic bk.)
9811937516 (electronic bk.)
9789811937507
9811937508
9811937516 (electronic bk.)
9789811937507
9811937508
Published
Singapore : Springer, [2022]
Copyright
©2022
Language
English
Description
1 online resource (xi, 252 pages : illustrations).
Item Number
10.1007/978-981-19-3751-4 doi
Call Number
HB171.5 .B56 2022eb
Dewey Decimal Classification
330
Summary
This textbook is based upon a philosophical method of logical deduction from basic principles such as scarcity, individual choice and subjectivism. This textbook attempts to show that all complex phenomena of economic theory such as prices of consumer goods and factors of production, saving and consumption, interest and profit, can be explained by the same primitive psychological principles of scarcity and substitution on the margin that could be used to describe economizing Robinson Crusoe on a desert island or two cavemen catching fish or exchanging apples for oranges. This textbook distils the essence of economic science prevailing in price theory before the 1930s, which the authors argue is superior to currently popular mainstream theory into a readable and student-friendly textbook format. This is an introductory textbook written in the tradition of Menger, Bohm-Bawerk, Mises and Hayek, instead in the tradition of Alfred Marshall and John Maynard Keynes, as almost all modern textbooks are. The authors offer a text not predicated on physics envy; on an attempt to liken economics to the physical sciences, on the basis of "empirical evidence", statistics and verification. .
Bibliography, etc. Note
Includes bibliographical references.
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Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed November 17, 2022).
Added Author
Jankovic, Ivan (Economist), author.
Series
Springer texts in business and economics.
Available in Other Form
Print version: 9789811937507
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Table of Contents
What Is Economics?
Exchange and Demand
Price Determination
Capital and Interest
Production Theory: Factor Prices
The business cycle
Competition and Entrepreneurship
Monopoly and Anti trust
Theory of the Firm
International trade
Price controls
Market failure theories
Public choice
Economics of Labor Markets and Distribution
Political Economy of Risk Control.
Exchange and Demand
Price Determination
Capital and Interest
Production Theory: Factor Prices
The business cycle
Competition and Entrepreneurship
Monopoly and Anti trust
Theory of the Firm
International trade
Price controls
Market failure theories
Public choice
Economics of Labor Markets and Distribution
Political Economy of Risk Control.