Micro-theory and economic choices / Robert Stephen Polkinghorn

By: Material type: TextTextPublication details: Homewood, Illinois : R.D. Irwin, Inc., c1979Description: xii, 407 pages : illustrations ; 24 cmISBN:
  • 256021430
Subject(s): LOC classification:
  • HB 171.5 .P65 1979
Contents:
Part I. Introduction -- Part II. Consumption -- Part III. Production -- Part IV. Equilibrium -- Part V. Welfare.
Summary: This is an economic theory book. It describes theory as a way of looking at events that permits an economist to predict some of those events before they happen. Thus theory is a way of looking at reality but it is not a description of reality. It is an abstract, simple, and sometimes unrealistic picture of reality. Its simplicity and logical elegance give it a charm of its own. I am convinced that undergraduate students can see and appreciate that charm. They need only see theory for what it is; a carefully designed, insidiously clever, pair of glasses through which economists look at a complex, confusing world.
Item type: Books
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Holdings
Item type Current library Home library Collection Call number Copy number Status Date due Barcode
Books Books National University - Manila LRC - Annex Relegation Room Accountancy GC HB 171.5 .P65 1979 (Browse shelf(Opens below)) c.1 Available NULIB000005434

Includes bibliographical references and index.

Part I. Introduction -- Part II. Consumption -- Part III. Production -- Part IV. Equilibrium -- Part V. Welfare.

This is an economic theory book. It describes theory as a way of looking at events that permits an economist to predict some of those events before they happen. Thus theory is a way of looking at reality but it is not a description of reality. It is an abstract, simple, and sometimes unrealistic picture of reality. Its simplicity and logical elegance give it a charm of its own. I am convinced that undergraduate students can see and appreciate that charm. They need only see theory for what it is; a carefully designed, insidiously clever, pair of glasses through which economists look at a complex, confusing world.

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