Each society produces a specific quantum of goods and services in order to distribute it among its members for final use. However, due to a number of reasons, the efficiency with which this can be done has varied from society to society and over time within a society. So far, an optimal system...

Teaching economics, or for that matter, any social science, has been a perennial problem in most of developing countries, or more specifically in most of the Eastern countries. In short, it may be said that Hasan and Lehar have succeeded in producing a text book that can safely be put in the...