Market Theory and the Price System

Title page......Page 2
Preface......Page 7
Contents......Page 9
The Nature and Tasks of Market Theory......Page 13
The Market: Its Structure and Operation......Page 25
Efficiency, Coordination, and the Market Economy......Page 45
Utility Theory......Page 57
Consumer Income Allocation......Page 75
Market Demand......Page 97
Market Process in a Pure Exchange Economy......Page 117
Production Theory......Page 154
Costs and Supply......Page 195
Partial Market Processes - The Determination of Product Prices and Factor Prices......Page 222
The General Market Process......Page 248
Monopoly and Competition in the General Market......Page 277
The Price System and the Allocation of Resources......Page 309
The Application of Market Theory to Multi-Period Planning......Page 323
Index......Page 333