Price Theory

Price Theory: A Provisional Text is a book written by Milton Friedman and published in 1962. The book is a comprehensive study of the theory of prices, which is one of the most important concepts in economics. The author presents a clear and concise explanation of the principles of microeconomics and how they relate to the pricing of goods and services in a market economy. The book is divided into two parts. The first part deals with the basic principles of price theory, including the concepts of supply and demand, consumer behavior, and the role of prices in allocating resources. The second part of the book focuses on more advanced topics such as market structure, monopoly, and game theory. Throughout the book, Friedman emphasizes the importance of using economic analysis to understand the behavior of individuals and firms in a market economy. He also emphasizes the role of prices as a signal of scarcity and the importance of allowing prices to adjust to changes in supply and demand. Overall, Price Theory: A Provisional Text is a valuable resource for students and professionals in the field of economics. It provides a clear and concise explanation of the principles of price theory and their practical applications in the real world.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.