The Nature of Economics:Smith, Coase, and the Substitution Structure of Production

Guan De-Xing
Additional contact information
Guan De-Xing: National Taipei University, Taiwan

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: 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.

Keywords: Smith-Coase Framework; Principle of Least Cost; Law of Demand without Utility; Say's Law; Substitution Structure of Production; Coase Theorem; Coase Conjecture; Transaction Cost; User Cost; Quality Theory of Money; Dissipation of Rent; Acquired Advantage; Sympathy; Impartial Spectator; Shannon Theorem; Kelly Criterion; Information and Noise; Morishima Elasticity of Substitution; Enemies of the Enemy are Friends (search for similar items in EconPapers)
JEL-codes: A1 O1 O11 O12 (search for similar items in EconPapers)
Date: 2025
ISBN: 9789811294433
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/worldscibooks/10.1142/13875 (text/html)
Ebook Access is available upon purchase

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wsbook:13875

Ordering information: This item can be ordered from

Access Statistics for this book

More books in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().