Price Theory: An Intermediate Text

by

David D. Friedman

Published by South-Western Publishing Co.

ęDavid D. Friedman 1986, 1990

 

Table of Contents

Introduction


Preface


Section

I

ECONOMICS FOR PLEASURE AND PROFIT

Chapter

1

What is Economics?


2

How Economists Think.

Section

II

PRICE=VALUE=COST: COMPETITIVE EQUILIBRIUM IN A SIMPLE ECONOMY

Chapter

3

The Consumer: Choice and Indifference Curves


4

The Consumer: Marginal Value, Marginal Utility, and Consumer Surplus


5

Production


6

Simple Trade


7

Markets&endash;Putting it All Together


8

The Big Picture

Halftime



Section

III

COMPLICATIONS, OR ONWARD TO REALITY

Chapter

9

The Firm


10

Small-Numbers Problems: Monopoly and All That


11

Hard Problems: Game Theory, Strategic Behavior, and Oligopoly


12

Time...


13

...and Chance


14

The Distribution of Income and the Factors of Production

Section

IV

JUDGING OUTCOMES

Chapter

15

Economic Efficiency


16

What is Efficient?


17

Market Interference


18

Market Failures

Section

V

APPLICATIONS &endash; CONVENTIONAL AND UN

Chapter

19

The Political Marketplace


20

The Economics of Law and Law Breaking


21

The Economics of Love and Marriage

Section

VI

WHY YOU SHOULD BUY THIS BOOK

Chapter

22

Final Words

Additional Chapters from the First Edition not included in the Second

Chapter

21

The Economics of Heating


22

Inflation and Unemployment


The author retains all rights in this material, save that users of the World Wide Web are permitted to reproduce it to the extent, and only to the extent, that doing so is a necessary part of reading it on the web.

The book is available, in a version slightly edited from this one, on Amazon.com as both a paperback and a kindle, as is a later book Hidden Order: The Economics of Everyday Life, which offers a similar approach to explaining economics in a shorter form, aimed at the intelligent layman rather than at students taking intermediate micro. The latter book should also be available as an audiobook read by me by about February 1, 2020, from Audible.


The chapters given here are from the versions on my hard disk, and differ in minor details from the published versions. The same is true of the figures.

Back to my Home Page

Back to my Academic Pages