1947 The Theory Of Price by George J. Stigler Antique Economics Book

1947 The Theory Of Price by George J. Stigler Antique Economics Book

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1947 The Theory Of Price by George J. Stigler Antique Economics Book

The Theory Of Price
By George J. Stigler
Published by The MacMillan Company: New York 1947

" The Theory of Price by George J. Stigler is a foundational work in microeconomic theory, presenting a clear and systematic analysis of how prices are determined in a market economy. Stigler, a prominent figure of the Chicago School of Economics, explores the core principles of supply and demand, consumer behavior, production costs, and the role of competition in shaping prices. The book emphasizes marginal analysis, showing how individuals and firms make decisions based on marginal costs and marginal benefits, ultimately leading to market equilibrium. Stigler's accessible yet rigorous approach made the book a widely used textbook for generations of economics students.

In addition to theoretical models, Stigler also addresses real-world complexities such as monopoly, oligopoly, and the role of government regulation. He integrates empirical evidence and historical examples to illustrate how price theory applies to various industries and market structures. The work reflects Stigler's broader interest in the interplay between economics and public policy, and his belief that a well-functioning price system is essential for efficient resource allocation. The Theory of Price remains a classic for its clarity, analytical precision, and lasting influence on economic thought."

Light wear to covers and spine as shown. Crossed out inscription to inside cover otherwise a clean book otherwise unmarked. Pages in very good order with tight binding. A nice copy in very good condition overall. Please study photos to further understand condition.

Size 24cm x 16.5cm x 2cm - 340 Pages

Categories:

  • Financial
  • Reference

    • PRODUCT DETAILS


    Condition: Very good
    Binding: Cloth
    Special Attributes:
    Region: Europe
    Subject: Reference
    Original/Facsimile: Original
    Seller Notes: Light wear to covers and spine as shown. Crossed out inscription to inside cover otherwise a clean book otherwise unmarked. Pages in very good order with tight binding. A nice copy in very good condition overall. Please study photos to further understand condition.
    Language: English
    Author: George J. Stigler
    Publisher: The MacMillan Company: New York
    Year Printed: 1947
    Sub-subject: Economics