Modern Western Economics (Microeconomics) Second Edition

Author: Song Chengxian
Publisher:
Publish Date: 1997-09-01
Features: After World War II, Western economists gradually divided political economy (theoretical economics) into two main parts: microeconomics and macroeconomics. Microeconomics focuses on the behavior of individual economic entities. This book is the microeconomics section of our press's Modern Western Economics, consisting of five parts and seventeen chapters, covering basic economic concepts, consumer demand theory, supply theory, the determination of markets and prices, and the theory of factor prices and income distribution. The second edition, in addition to textual and scientific revisions throughout the book, also adds new content such as rent-seeking theory, property rights theory, public choice theory, and information economics. At the same time, hardcover versions of both microeconomics and macroeconomics will be published separately to meet the needs of readers at all levels.