
The Nature of Economics - Hardcover
by De-Xing Guan
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Language:EnglishPublisher:World Scientific Publishing CompanyISBN-13:9789811294433ISBN-10:9811294437UPC:9789811294433Book Category:Business & EconomicsBook Subcategory:Economics, Development, Economic HistoryBook Topic:Macroeconomics, Economic DevelopmentSize:9.00 x 6.00 x 0.69 inchesWeight:1.2302Product ID:SC27KD74W8
The Nature of Economics
This book conveys a simple idea: that the economic framework established by Smith and Coase is very useful in describing and explaining many facts in the real world.
Smith's logic in the Wealth of Nations is simply the following: the extent of market transactions→division of stock→division of labor→economic growth. The logic of Coase in the Coase Theorem is that "the delimitation of rights is an...
Language:EnglishPublisher:World Scientific Publishing CompanyISBN-13:9789811294433ISBN-10:9811294437UPC:9789811294433Book Category:Business & EconomicsBook Subcategory:Economics, Development, Economic HistoryBook Topic:Macroeconomics, Economic DevelopmentSize:9.00 x 6.00 x 0.69 inchesWeight:1.2302Product ID:SC27KD74W8
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