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Economic Theory (Hardcover, 2nd edition)
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Economic Theory (Hardcover, 2nd edition)
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Others might have called this book Micro Theory or Price Theory.
Becker's choice of Economic Theory as the title for his book
reflects his deep belief that there is only one kind of economic
theory, not separate theories for micro problems, macro problems,
non-market decisions, and so on. Indeed, as he notes, the most
promising development in recent years in the literature on large
scale economic problems such as unemployment has been the
increasing reliance on utility maximization, a concept generally
identified with microeconomics. Microeconomics is the subject
matter of this volume, but it is emphatically not confined to
microeconomics in the literal sense of micro units like firms or
households. Becker's main interest is in market behavior of
aggregations of firms and households. Although important inferences
are drawn about individual firms and households, the author tries
to understand aggregate responses to changes in basic economic
parameters like tax rates, tariff schedules, technology, or
antitrust provisions. His discussion is related to the market
sector in industrialized economies, but the principles developed
are applied to other sectors and different kinds of choices. Becker
argues that economic analysis is essential to understand much of
the behavior traditionally studied by sociologists,
anthropologists, and other social scientists. The broad definition
of economics in terms of scarce means and competing ends is taken
seriously and should be a source of pride to economists since it
provides insights into a wide variety of problems. Practically all
statements proved mathematically are also provided geometrically or
verbally in the body of the text.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Release date: |
October 2017 |
First published: |
2007 |
Authors: |
Gary Becker
|
Dimensions: |
229 x 152mm (L x W) |
Format: |
Hardcover
|
Pages: |
242 |
Edition: |
2nd edition |
ISBN-13: |
978-1-138-52261-9 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
1-138-52261-9 |
Barcode: |
9781138522619 |
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