{"product_id":"economics-and-free-markets-an-introduction-9781944424503","title":"Economics and Free Markets: An Introduction","description":"\u003cp\u003eHow Does the Economy Work?\u003c\/p\u003e\u003cp\u003eWhen we stop to consider it, a free economy is a marvel. Millions of people, mostly unknown to one another, each producing some particular good or service, somehow manage to coordinate their actions in a vast, cooperative, productive order with no one in charge. How does it work?\u003c\/p\u003e\u003cp\u003eEconomics helps us understand.\u003c\/p\u003e\u003cp\u003eThis book introduces the concepts on which all of economics is founded, concepts such as subjective value and gains from trade, scarcity and opportunity cost, thinking at the margin, division of labor, and comparative advantage. It then introduces the foundational theory with which we understand how market prices emerge and change to reflect changing conditions: supply and demand analysis.\u003c\/p\u003e\u003cp\u003eIt also introduces the principles that underlie spontaneous economic order: market prices provide the information we need to coordinate our actions with others' actions, while profit-and-loss feedback guides entrepreneurs as to how best to satisfy others' wants. Private property rights and freedom of exchange give us the incentive to interact in mutually beneficial ways.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-16312094\"\u003eHoward Jr. Baetjer\u003c\/a\u003e\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cato Institute\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/23\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 216\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.46lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 7.00h x 5.00w x 0.49d\u003cbr\u003e\u003cb\u003eISBN13:\u003c\/b\u003e 9781944424503\u003cbr\u003e\u003cb\u003eISBN10:\u003c\/b\u003e 1944424504\u003cbr\u003e\u003cb\u003eBISAC Categories:\u003c\/b\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS044000\"\u003eEconomics | Microeconomics\u003c\/a\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Cato Institute","offers":[{"title":"Default Title","offer_id":44437086241005,"sku":"9781944424503","price":15.82,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0550\/8097\/6621\/products\/img_7ec87539-b9fc-483e-9308-98d663280fd8.jpg?v=1700121317","url":"https:\/\/sureshotbooks.com\/es\/products\/economics-and-free-markets-an-introduction-9781944424503","provider":"SureShot Books Publishing LLC","version":"1.0","type":"link"}