taylor & francis inc
Price Theory
Lowest observed price
Prices at stores
1 offerPrices are the most recently observed prices. Check the current price, availability and delivery costs at the store.
Price history
1 price observationThe chart shows the lowest recorded product price on each observation day. Prices between observations have not been verified.
- Lowest observed
- €62.20
- Highest observed
- €62.20
- Latest history observation
Show price observation
| Price observed (Finnish time) | Price |
|---|---|
| €62.20 |
Product details
Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive economics. The desirability of these effects on income distribution is a problem of normative economics. Within economics, the major division is between monetary theory and price theory. Monetary theory deals with the level of prices in general, with cyclical and other fluctuations in total output, total employment, and the like. Price theory deals with the allocation of resources among different uses, the price of one item relative to another. Prices do three kinds of things. They transmit information, they provide an incentive to users of resources to be guided by this information, and they provide an incentive to owners of resources to follow this information. Milton
- Brand
- taylor & francis inc
- EAN / GTIN
- 9780202309699