AN INTERMEDIATE TEXT by David Friedman (original) (raw)

Price Theory: An Intermediate Text

by

David D. Friedman

Published by South-Western Publishing Co.

�David 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.


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