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`mainstream' of economics, both `past' and `present'. One aim is to give an outline of the historical developments that led to the …
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This is a revised edition of Walker (2017). New sections or subsections have been added on the X-inefficiency model, the division of labour and the firm - both pre and post-1970, ownership of the firm and the human capital based firm. Additions have been made to sections on entrepreneurship, the...
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The major additions to the revised edition include new sections or subsections on X-inefficiency, the division of labour and the firm -- both pre and post-1970, not-for-profit firms, cooperatives, mutuals, an outline of Arnold Plant's paper, ``Centralize or Decentralize?'', a discussion of the...
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Chapter 1. What is Economics? -- Chapter 2. Exchange and Demand -- Chapter 3. Determination of Prices -- Chapter 4 …. Government Failure and Public Choice -- Chapter 14. Economics of Discrimination -- Chapter 15. Political Economy of Risk … economics to the physical sciences, on the basis of “empirical evidence”, statistics and verification. . …
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