In this revised and updated edition, the authors argue that there are several theoretical perspectives, each offering a plausible logical explanation to economic phenomena. The three theories discussed are: subjective preference theory; cost-of-production theory; and abstract labour theory. The theories are subject to non-mathematical analysis, and the authors show the links between economic theory and political practice for each. The book aims to provide a broad understanding of a wide range of economic theory and new material has been added, including the economic experiences of Chile and the global economic situation. Flow diagrams illustrate the text, and notes on further reading give additional guidance.
- ISBN10 0582064007
- ISBN13 9780582064003
- Publish Date 16 September 1991 (first published February 1983)
- Publish Status Out of Print
- Out of Print 13 August 1998
- Publish Country GB
- Publisher Pearson Education Limited
- Imprint Longman
- Edition 2nd Revised edition
- Format Paperback
- Pages 312
- Language English