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The Power of Supply and Demand

Author

Listed:
  • Lai, Wai Chung Lawrence
  • Yu, Ben T.

Abstract

In contrast to many economics texts, which are often abstract and mathematical, this book uses simple language and graphs to demonstrate the general applicability of basic economic concepts, informed by ideas of the transaction cost paradigm, to a wide range of social, physical and legal phenomena. The case studies and applications collected here should enable students and practitioners, especially those in the management of the built and natural environment, to appreciate the power of economic theory in expressing, interpreting, and reviewing policies and practices.

Suggested Citation

  • Lai, Wai Chung Lawrence & Yu, Ben T., 2002. "The Power of Supply and Demand," University of Chicago Press Economics Books, University of Chicago Press, number 9789622095694, November.
    • Handle: RePEc:ucp:bkecon:9789622095694
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