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Puzzles and paradoxes in economics

Author: Mark Skousen; Kenna C Taylor
Publisher: Cheltenham, UK ; Brookfield, Vt., US : E. Elgar Pub. , ©1997.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as why do some supermarket items sell for more per ounce in larger sizes?). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved
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Additional Physical Format: Online version:
Skousen, Mark.
Puzzles and paradoxes in economics.
Cheltenham, UK ; Brookfield, Vt., US : E. Elgar Pub. , c1997
(OCoLC)761179172
Document Type: Book
All Authors / Contributors: Mark Skousen; Kenna C Taylor
ISBN: 1858983789 9781858983783
OCLC Number: 35280885
Description: xi, 215 p. : ill. ; 24 cm.
Contents: 1. The Adam Smith paradox --
2. The diamond-water paradox --
3. The water problem --
4. The case of the fourth egg --
5. Profiting from pants --
6. The price of quality --
7. The rationality and risk puzzle --
8. Gold's backward supply curve --
9. The positive sloping demand curve? --
10. The leisure paradox --
11. The price discrimination dilemma --
12. A hot vacation spot --
13. The rare case of a Giffen good? --
14. The case of the costly catsup --
15. The mail order question --
16. The businessman's query --
17. Are teachers underpaid? --
18. The pollution puzzle --
19. Are market wages fair? --
20. The highly valued occupation nobody wants --
21. The stock market puzzler --
22. Apples and the Alchian-Allen theorem
Responsibility: Mark Skousen and Kenna C Taylor.

Abstract:

This work contains 50 puzzles and paradoxes which are analyzed in a clear framework. Examples include: the fairness of market wages, the alleged gold absurdity, Giffin goods and the Irish potato  Read more...

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