Price Theory

Price Theory: A Provisional Text is a seminal work by Nobel laureate economist Milton Friedman, first published in 1962. The book is a comprehensive introduction to microeconomic theory, covering topics such as consumer behavior, production, market equilibrium, and welfare economics. Friedman's approach is heavily influenced by the Chicago School of Economics, which emphasizes the importance of free markets and individual choice in economic decision-making. He argues that prices are the most efficient means of allocating resources, and that government intervention in markets can often do more harm than good.The book is aimed at undergraduate students and assumes no prior knowledge of economics. It is written in a clear and accessible style, with numerous examples and exercises to help readers understand the concepts. Despite its age, Price Theory remains a highly influential work in the field of economics, and is still widely used as a textbook in universities around the world. It is a must-read for anyone interested in understanding the basics of microeconomic theory and the role of markets in the economy.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.