Welfare & Competition

Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole. 1: Introduction; 1: The Subject Matter of Economics; 2: The Market; 2: The Price Taker's Behavior and Perfect Competition; 3: The Consumer; 4: The Consumers' Market and the Notion of Economic Efficiency; 5: The Worker and The Efficiency of the Labor Market; 6: The Firm; 7: The Firm (Continued): The Market Behavior of the Firm; 8: The Efficiency Of Production; 9: Capital; 10: The Stability of Perfect Competition; 3: The Price Maker's Behavior and Free Competition; 11: The Principles of the Price Maker's Rehavior; 12: The Stability of the Price Maker's Behavior; 13: The Profit Margin; 14: The Cost of Production; 15: The Conditions of Free Competition; 16: The Efficiency of Free Competition; 4: Restricted Competition; 17: The Forms and Nature of Restricted Competition; 18: Competition in the Uninformed Market; 19: Bargaining and Bilateral Monopoly; 20: The Efficiency of Destricted Competition; 21: The Role of the State