Jan Owen Jansson argues that conventional economic theory is too focused on material goods markets. By making the special character of services (immaterial goods) as market objects the starting-point for the economic system analysis, a new view of the big problems of a mixed economy is offered.

Despite the fact that services have overtaken industry in terms of employment and GDP in developed countries, rigorous economic study of the service sector remains seriously neglected. The first edition of The Economics of Services initiated a redress of this oversight. Fully revised and...