Principles of economics / Alfred Marshall, with an introduction by Peter Groenewegen.
Material type: TextSeries: Palgrave classics in economicsPublisher: Basingstoke : Palgrave Macmillan, 2013Edition: 8th editionDescription: xxviii, 731 pages ; 22 cmContent type:- text
- computer
- online resource
- 9780230249295 (pbk.)
- 330 23
Item type | Current library | Call number | Status | Date due | Barcode | |
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E-Resources | Main Library E-Resources | 330 M367 (Browse shelf(Opens below)) | Available | E001213 |
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Alfred Marshall, Principles of Economics (1890) - Founder of Modern (Neo-classical) Economics. His book Principles of Economics was the dominant textbook in economics for a long time and it is considered to be his seminal work.
Formerly CIP. Uk
Includes index.
Originally published in 1890, Principles of Economics was the first text to bring together the theories of supply and demand, marginal utility and cost of production into a coherent whole. It introduced a number of new concepts which have formed the building blocks of modern microeconomics and underpin modern day business strategy. Concepts such as; elasticity of demand - how consumer demand for a good or service is affected by a change in its price; consumer surplus - the difference between the maximum price a consumer is willing to pay and the price that they actually pay and quasi-rent - the profit made in the short-term from a product/innovation due to a reduction in supply. Over 100 years after its original publication Principles of Economics continues to influence economic and business strategy. This re-issued classic contains a new introduction by Professor Peter Groenewegen who explores the profound impact that this critical work has had on economic and business thinking.
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