Chicago Price Theory
Title | Chicago Price Theory PDF eBook |
Author | Sonia Jaffe |
Publisher | Princeton University Press |
Pages | 248 |
Release | 2019-09-10 |
Genre | Business & Economics |
ISBN | 0691198810 |
An authoritative textbook based on the legendary economics course taught at the University of Chicago Price theory is a powerful analytical toolkit for measuring, explaining, and predicting human behavior in the marketplace. This incisive textbook provides an essential introduction to the subject, offering a diverse array of practical methods that empower students to learn by doing. Based on Economics 301, the legendary PhD course taught at the University of Chicago, the book emphasizes the importance of applying price theory in order to master its concepts. Chicago Price Theory features immersive chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, the value of a statistical life, and occupational choice. It looks at human behavior in the aggregate of an industry, region, or demographic group, but also provides models of individuals when they offer insights about the aggregate. The book explains the surprising answers that price theory can provide to practical questions about taxation, education, the housing market, government subsidies, and much more. Emphasizes the application of price theory, enabling students to learn by doing Features chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, and the value of a statistical life Supported by video lectures taught by Kevin M. Murphy and Gary Becker The video course enables students to learn the theory at home and practice the applications in the classroom
Price Theory
Title | Price Theory PDF eBook |
Author | Milton Friedman |
Publisher | Walter de Gruyter GmbH & Co KG |
Pages | 368 |
Release | 2021-03-22 |
Genre | Business & Economics |
ISBN | 3112417526 |
The Theory of Price
Title | The Theory of Price PDF eBook |
Author | George Joseph Stigler |
Publisher | MacMillan Publishing Company |
Pages | 396 |
Release | 1987 |
Genre | Business & Economics |
ISBN |
The Applied Theory of Price
Title | The Applied Theory of Price PDF eBook |
Author | Deirdre N. McCloskey |
Publisher | |
Pages | 662 |
Release | 1985 |
Genre | Business & Economics |
ISBN |
Market Theory and the Price System
Title | Market Theory and the Price System PDF eBook |
Author | Israel Mayer Kirzner |
Publisher | Ludwig von Mises Institute |
Pages | 340 |
Release | 2007 |
Genre | |
ISBN | 1610160290 |
Israel Kirzner's outstanding book on price theory is back in print. It is been very difficult to obtain it for decades, even though it is surely the best textbook on Austrian price theory ever written. The prose is crystal clear and the organization exceptional. He takes the reader through the foundations of individual action, exchange, utility, demand and supply, production, and the market process itself. Had it been in print, it would have schooled generations in Austrian price theory, and it is surely useful in the classroom today, or for general reading. Not a collection of essays, it is an integrated presentation from top to bottom, written early in Kirzner's post-doctoral career.
The Fiscal Theory of the Price Level
Title | The Fiscal Theory of the Price Level PDF eBook |
Author | John H. Cochrane |
Publisher | Princeton University Press |
Pages | 585 |
Release | 2023-01-17 |
Genre | Business & Economics |
ISBN | 0691243247 |
A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts. The fiscal theory is well suited to today’s economy: Financial innovation undermines money demand, and central banks don’t control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book presents a comprehensive account of this important theory from one of its leading developers and advocates. John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of monetary policy. He generalizes the theory to explain data and make realistic predictions. For example, inflation decreases in recessions despite deficits because discount rates fall, raising the value of debt; specifying that governments promise to partially repay debt avoids classic puzzles and allows the theory to apply at all times, not just during periods of high inflation. Cochrane offers an extensive rethinking of monetary doctrines and institutions through the eyes of fiscal theory, and analyzes the era of zero interest rates and post-pandemic inflation. Filled with research by Cochrane and others, The Fiscal Theory of the Price Level offers important new insights about fiscal and monetary policy.
The Economic Theory of Price Indices
Title | The Economic Theory of Price Indices PDF eBook |
Author | Franklin M. Fisher |
Publisher | |
Pages | 146 |
Release | 1972 |
Genre | Business & Economics |
ISBN |