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Economic way of thinking

49.99 €
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Economic way of thinking
49.99 €
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The Economic Way of Thinking is one of the most popular and successful introductory courses in economic theory. Using simple and clear examples, it explains the basic concepts of science, such as efficiency and exchange, demand, supply, the nature of money, competition, monopoly, employment and unemployment, specialization and comparative advantage. The authors analyze various economic systems, helping readers to determine the role of the state in modern society, the causes of poverty and wealth of nations and presenting the general principles of the functioning of market systems. This publication pays great attention to economics as a science of choice and the unintended consequences of this choice, emphasizing the role of the market as a coordinating process. In addition, the problem of non-market (socialist) coordination of the economy is discussed. The book is intended for students of economic universities, teachers, as well as a wide range of readers.
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