Economic Theory

Business & Finance, Economics, Theory of Economics
Cover of the book Economic Theory by G. B. Richardson, Taylor and Francis
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Author: G. B. Richardson ISBN: 9781136506192
Publisher: Taylor and Francis Publication: November 5, 2013
Imprint: Routledge Language: English
Author: G. B. Richardson
ISBN: 9781136506192
Publisher: Taylor and Francis
Publication: November 5, 2013
Imprint: Routledge
Language: English

This book introduces economic theory by concentrating on some of the most important matters with which theory deals. Beginning by developing the general criteria of efficiency in the allocation of resources between alternative uses, the book then illustrates how efficient allocation can be promoted directly, by state planning, or indirectly by private enterprise. An analysis of the working of business competition in both its free and restricted forms follows, and analysis of the determination of the general levels of production employment and prices is also included.

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This book introduces economic theory by concentrating on some of the most important matters with which theory deals. Beginning by developing the general criteria of efficiency in the allocation of resources between alternative uses, the book then illustrates how efficient allocation can be promoted directly, by state planning, or indirectly by private enterprise. An analysis of the working of business competition in both its free and restricted forms follows, and analysis of the determination of the general levels of production employment and prices is also included.

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