Introduction to Political Economy (Routledge Revivals)

Mishan, E.

ISBN 10: 0415682487 / ISBN 13: 9780415682480

Published by Routledge, 2011

About this Item

First published in 1982, this is a clear and concise introduction to the normative aspects of economics by one of the world's leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. Series: Routledge Revivals. Num Pages: 274 pages. BIC Classification: KCP. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 155 x 223 x 21. Weight in Grams: 454. . 2011. 1st Edition. hardcover. . . . . Books ship from the US and Ireland.

Seller Inventory # V9780415682480

Bibliographic Details

• Title: Introduction to Political Economy (Routledge Revivals)
• Publisher: Routledge
• Publication Date: 2011
• Language: English
• ISBN 10: 0415682487
• ISBN 13: 9780415682480
• Binding: Hardcover
• Condition: New

About this title

Synopsis

First published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world’s leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. The author carefully distinguishes the various meanings of the terms political economy, normative economics, welfare economics and allocative economics. He considers the standard allocation rules and the crucial concepts of consumer surplus and rent, which are so important to cost-benefit analysis, while then going on to resolve the paradoxes of the efficiency criterion. Lastly, Professor Mishan assesses both the social worth of radical conservatism, which is associated with the Chicago School of Economics, and the relevance of the modern theory of welfare economics to social welfare.

About the Author

E. Mishan