This book provides a rigorous course to the theory of intermediate microeconomics. It includes not only the basic … traditional theory, but also a ¡°From the Literature¡± box in each chapter directing students to applications of the theory. The … theory is developed axiomatically, with optional sections using one-variable calculus included for interested readers. A …

A new heterodox theory of market and capitalism is suggested. Its key moments and general logic are presented. The … theory is based on the distinction between two market types – the simple commodity market and the capitalist one …. General principles and concrete measures of crisis-proof policy and crisis-proof behavior are suggested. The theory consists …

displays solid microeconomic foundations, (b) it is a highly synthetic theory, which combines in a unified framework general … equilibrium, nonclearing markets, imperfect competition, growth theory and rational expectations, (c) it is also an empirical …

subsidy to the remote subcentre so that it can reduce its price. We illustrate the theory using a numerical model applied to …

Despite economic theory and empirical literature that have shown that wide availability of business services …

firms and labor is used for production. We show that two different types of equilibria may exist, one with factor price …