Action and Choice

Viac o knihe

Focusing on the foundations of economic theory, this textbook employs a philosophical method of logical deduction rooted in scarcity, individual choice, and subjectivism. It illustrates how complex economic phenomena, like prices and consumption, can be understood through basic psychological principles. By distilling pre-1930s price theory, the authors present an alternative perspective that they argue is more effective than contemporary mainstream theories, all in an accessible format for students.