Richard G. Lipsey Knihy

An economic textbook that focuses on microeconomics, including the theory of the firm, consumers and markets, market structures, and the economics of business organizations. The book includes case studies and case examples which are essential for understanding the business context of economics.

Presents an introduction to economics. Meant for A-level candidates, this book offers priority to providing explanations of basic economic principles, with the aid of diagrams. It is also aimed at those preparing for the economics examinations of the major professional bodies, and for first year undergraduates without A-level economics.

Dismissing industrial policy because 'governments cannot pick winners' is counter-productive. This Element studying selected major innovations illustrates the fact that virtually all major new technologies have been developed by a synergetic cooperation between the public and the private sectors, each doing what it can do best.