Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
The Economic Organization

The Economic Organization (Paperback)

£36.99
Printed to order. Despatched in 2-3 weeks.
Email me when back in stock

Synopsis

When originally released, Frank Hyneman Knight's The Economic Organization revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight's circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress.



The Economic Organization provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight's "wheel of wealth"-the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on "Utility and Cost," which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory.



This expanded edition of The Economic Organization includes a new introduction by Ross B. Emmett, which expands upon the short note on capital theory inserted in the original. Knight wrote three versions of the note for student use, and all three are included in the second chapter. Few books have changed the landscape of American economics and economic education as much as Knight's The Economic Organization. This book should be read by all economists, historians, and policy makers.

BusinessEconomicsEconomic historyBusinessEconomicsEconomic theory & philosophyHistory & PoliticsHistory: specific events & topicsIndustrialisation & industrial history Publisher: Taylor & Francis Inc Publication Date: 30/06/2013 ISBN-13: 9781412851787  Details: Type: Paperback Format: Books
Availability: Printed to order. Despatched in 2-3 weeks.  

More books by Frank Knight

More books by Ross B. Emmett

Leave Review

Delivery

Delivery Options

All delivery times quoted are the average, and cannot be guaranteed. These should be added to the availability message time, to determine when the goods will arrive. During checkout we will give you a cumulative estimated date for delivery.

Location 1st Book Each additional book Average Delivery Time
UK Standard Delivery FREE FREE 3-5 Days
UK First Class £4.50 £1.00 1-2 Days
UK Courier £7.00 £1.00 1-2 Days
Western Europe** Courier £17.00 £3.00 2-3 Days
Western Europe** Airmail £5.00 £1.50 4-14 Days
USA / Canada Courier £20.00 £3.00 2-4 Days
USA / Canada Airmail £7.00 £3.00 4-14 Days
Rest of World Courier £22.50 £3.00 3-6 Days
Rest of World Airmail £8.00 £3.00 7-21 Days

** Includes Austria, Belgium, Denmark, France, Germany, Greece, Iceland, Irish Republic, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and Switzerland.

Delivery Help & FAQs

Returns Information

If you are not completely satisfied with your purchase*, you may return it to us in its original condition with in 30 days of receiving your delivery or collection notification email for a refund. Except for damaged items or delivery issues the cost of return postage is borne by the buyer. Your statutory rights are not affected.

* For Exclusions and terms on damaged or delivery issues see Returns Help & FAQs

You might also like

The Literature of Political Economy: ...
(Paperback)
J. R. McCulloch
 
 
£26.99
 
The Principles of Political Economy:...
(Paperback)
J. R. McCulloch
 
 
£33.00
 
Global Inequality: A New Approach for...
(Paperback)
Branko Milanovic
 
 
£13.95
 
The Value of Everything: Making and...
(Hardback)
Mariana Mazzucato
 
 
£20.00
 
Latest Blog
Read an extract from Everything I Know About Love
20/04/2018

Dolly Alderton's Everything I Know About Love is an honest, funny and uplifting account of growing up and being enough.

An extract from The Fire This Time
18/04/2018

Edited by National Book Award-winning author Jesmyn Ward, The Fire This Time is a collection of essays and poems exploring black experience in modern-day America, in a response to James Baldwin's groundbreaking 1963 essay collection The Fire Next Time.

Swither, Shoogle, Wheesht - Kirsty Logan on the language of The Gloaming
17/04/2018

Kirsty Logan's second novel, The Gloaming, is a swirling tale threaded through with magic, heartbreak, love and mermaids. It is studded with evocative but perhaps unfamiliar words, adding atmosphere, mood and expression. Exclusively for Foyles, she has written about some of these Scottish words, that head up each chapter of the book.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd