The Power of Supply and Demand

Wai Chung Lawrence Lai and Ben T. Yu

in University of Chicago Press Economics Books from University of Chicago Press

Abstract: In contrast to many economics texts, which are often abstract and mathematical, this book uses simple language and graphs to demonstrate the general applicability of basic economic concepts, informed by ideas of the transaction cost paradigm, to a wide range of social, physical and legal phenomena. The case studies and applications collected here should enable students and practitioners, especially those in the management of the built and natural environment, to appreciate the power of economic theory in expressing, interpreting, and reviewing policies and practices.

Date: 2002
ISBN: 9789622095694
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