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2017 Reprint of 1951 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. When originally released, Knight’s “The Economic Organization” revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight’s circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress.
“The Economic Organization” provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight’s "wheel of wealth"—the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on "Utility and Cost," which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory.
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The Economic Organization: With Notes On Cost and Utility
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The Economic Organization: With Notes On Cost and Utility
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The Economic Organization: With Notes On Cost and Utility
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The Economic Organization: With Notes On Cost and Utility
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Paperback. Zustand: Good. 2017 Reprint of 1951 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. When originally released, Knight's The Economic Organization revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight's circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress. The Economic Organization provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight's wheel of wealth--the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on Utility and Cost, which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory. Bestandsnummer des Verkäufers CIN1684220726G
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Beispielbild für diese ISBN
The Economic Organization: With Notes On Cost and Utility
Anbieter: World of Books Inc, Montgomery, IL, USA
Verkäuferbewertung 2 von 5 Sternen
Paperback. Zustand: Very Good. 2017 Reprint of 1951 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. When originally released, Knight's The Economic Organization revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight's circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress. The Economic Organization provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight's wheel of wealth--the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on Utility and Cost, which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory. Bestandsnummer des Verkäufers CIN1684220726VG
Gebraucht kaufen
EUR 4,94
Versand gratis
Versand innerhalb von USA
Versand innerhalb von USA
Anzahl: 5 verfügbar