Price Theory: An Intermediate Text

by

David D. Friedman

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 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.