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Exchange and Production: Theory in Use

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Format: Paperback

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Customer Reviews

4 ratings

It's the best economics book in history

What has happened to Armen's new edition? I can't believe that it's ALREADY out of print. For Lord's sake: there's no better way to learn price theory than listening to Alchian. GET IT BACK IN PRINT!!!

The greatest text book in economic analysis.

It is a sad commentary that the greatest text book in intorductory economics is now out of print. This book goes beyond the economics of carrots and parsinps. It has witty and stimulating discussions of property rights, contracts, trade markets, copy rights, etc. In sum, the market does not always recognize quality.

An excellent introductory microeconomics book

It is a very good book on microeconomics. I strongly recommend it to students who study economics.

Excellent in ellaborating on the relative price

This book let me underdstand why the relative prive affect the present value and transaction costs of the goods. (The relative prive affect the tradeoff of present goods and future goods with regard to the existence of transaction costs) Very good in micro, but macro is not concern, may be the symptom of the schools of property. The velocity of momey is not fully investigate. Does the school of property and monetary are go hand by hand.
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