-- Chapter 7. Competition and Entrepreneurship -- Chapter 8. Competition and Monopoly -- Chapter 9. Theory of the Firm -- Chapter …, individual choice and subjectivism. This textbook attempts to show that all complex phenomena of economic theory such as prices … essence of economic science prevailing in price theory before the 1930s, which the authors’ argue is superior to currently …

The author blends historical narrative with a topical approach and discusses such aspects of the theory as measurement …

The requirement of positive marginal utility only makes it possible to derive a restricted twofund separation theorem … separation theorem when explicitly recognizing positive marginal utility. Moreover, quadratic utility functions are not apt to … approximate the admissible range of risk preferences in the case of higher-order utility functions. -- two-fund separation ; HARA …