Economic way of thinking

The economic way of thinking is one of the most popular and successful introductory courses in economic theory. Simple and intelligible examples explain the basic concepts of science, such as efficiency and exchange, demand, offer, nature of money, competition, monopoly, employment and unemployment, specialization and comparative advantages. The authors analyze various economic systems, helping readers to determine the role of the state in modern society, the causes of poverty and wealth of peoples and representing the general principles of the functioning of market systems. In the 10th publication, much attention is paid to the economy as a science of choosing and the unintentional consequences of this choice, the role of the market as a coordinating process is emphasized. In addition, the problem of non -market (socialist) coordination of the economy is discussed. The book is designed for students of economic universities, teachers, as well as a wide range of readers