How Markets Work

Prasch, Robert

How Markets Work

Abstract: An accessible and enjoyable look at the way the market REALLY works! How Markets Work presents a new and refreshing introduction to elementary economics. The venerable theory of supply and demand is reconstituted upon plausible and defensible assumptions concerning human nature, the law, and the facts of everyday life – in short – the ‘Real World’. The message is that markets differ in ways that matter. Starting with a brief survey of property and contract law, the lectures develop several ‘ideal types’ of markets – such as credit, assets, and labor – while illuminating the similarities and differences among them. Care has been taken to ensure that the reformulations presented are accessible to students and compatible with a variety of non-mainstream traditions in economic thought.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Date: 2008
ISBN: 9781847206138
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.elgaronline.com/view/9781847206138.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Chapters in this book:

Lecture I: Property, contract, and the theory of exchange: .
Lecture II: Commodity markets: the economics of a 'spot' contract: .
Lecture III: Credit markets: the economics of a 'relational' contract: .
Lecture IV: Asset markets: market dynamics when expectations are a consideration: .
Lecture IX: Values and prices: reintroducing ethical considerations into economics: .
Lecture V: Labor market dynamics when needs are a consideration: .
Lecture VI: Labor market dynamics when motivation is a consideration: .
Lecture VII: The economics of discrimination: the 'Chicago School' approach: .
Lecture VIII: The economics of discrmination: the 'structural' approach: .

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:elg:eebook:12941

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this book

More books in Books from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().