Economics Principles - (Vol. 1 & 2)

Author: Marshall
Publisher:
Publish Date: 2006-02-01
Features: This book inherits the tradition of vulgar economics in Britain since the early 19th century. It comprehensively incorporates and blends theories such as supply and demand theory, theory of production costs, marginal utility theory, and marginal productivity theory using a compromising approach, forming a system of vulgar economics that is based on the premise of "perfect competition" and centered around the "theory of equilibrium prices."