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Challenging traditional economic models, this edition delves into the complexities of real-world economics, emphasizing the limitations of perfect competition theories. It examines the dynamics of oligopolies and critically assesses the effects of minimum wage laws, highlighting how influential institutions create distortions that mainstream models often overlook. Through this exploration, the book aims to provide a more nuanced understanding of economic principles as they apply to everyday situations.
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Foundations of Real-World Economics, John Komlos
- Lingua
- Pubblicato
- 2023
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- (In brossura)
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- Titolo
- Foundations of Real-World Economics
- Sottotitolo
- What Every Economics Student Needs to Know
- Lingua
- Inglese
- Autori
- John Komlos
- Editore
- Taylor & Francis Ltd
- Pubblicato
- 2023
- Formato
- In brossura
- Pagine
- 396
- ISBN13
- 9781032001722
- Serie
- Descrizione
- Challenging traditional economic models, this edition delves into the complexities of real-world economics, emphasizing the limitations of perfect competition theories. It examines the dynamics of oligopolies and critically assesses the effects of minimum wage laws, highlighting how influential institutions create distortions that mainstream models often overlook. Through this exploration, the book aims to provide a more nuanced understanding of economic principles as they apply to everyday situations.