Price Theory and Applications (with Economic Applications)

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9780324274486: Price Theory and Applications (with Economic Applications)

By the successful author of "The Armchair Economist" (a popular trade book that explains basic economics to the general public), this book makes intermediate microeconomics fun and intellectually challenging. The writing style provides an exceptionally friendly and application-rich presentation, combined with a rigorous and careful development of microeconomics theory. All of the standard topics of intermediate price theory are included, as well as many innovative topics, such as alternative normative criteria, efficient asset markets, contestable markets, antitrust law, human capital, demand for public goods, and more. A unique unifying theme of social welfare is used throughout. The inclusion of higher-level mathematics is minimal.

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About the Author:

Steven E. Landsburg teaches economics at the University of Rochester. He is the author of six books, including The Armchair Economist (Free Press/Macmillan 1993). His articles have appeared in the Journal of Political Economy, the Journal of Economic Theory, and many other mathematics, economics and philosophy journals. He writes the monthly "Everyday Economics" column in Slate magazine, and has written for Forbes, the New York Times, the Wall Street Journal and the Washington Post. He appeared as a commentator on the PBS/Turner Broadcasting series "Damn Right," and has made over 200 radio and television appearances. He has served on the board of directors of Hutchinson Technology, the world's largest maker of suspension assemblies for hard disk drives. For more information about Professor Landsburg visit http://www.landsburg.com/about2.html.

Review:

"...I am a great fan of Landsburg's excellent book and will continue to use it....I like social welfare as a unifying concept very much. Not only does it make intellectual sense, but it allows one to talk about real world problems that students find interesting. I also like treating a competitive market first and then talking about leading causes of market failure. John P. Conley, University of Illinois at Urbana-Champaign

The Landsburg text is a good text: well thought out, clearly written, straightforward, correct, in-depth. I like very much the use of social welfare as a unifying concept....The extended analysis of market failures, property rights, and rules of law is excellent. Claire Hammond, Wake Forest University

The text is very clearly written and easy to read and follow. Landsburg also provides some very interesting and entertaining examples that will capture the attention of students. Carl Enomoto, New Mexico State University

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