by Steven E. Landsburg
Price Theory and Applications challenges students to master the
economic way of understanding the world, with equal emphasis on
intuition and precise logic, and special emphasis on the interplay
between them. The writing is inviting, humorous, and sometimes folksy,
without sacrificing the insistence that arguments need to be airtight.
Important concepts are introduced via entertaining examples and fleshed
out with rigor.
The learning experience is supported
by a vast number of intriguing and entertaining exhibits, examples,
numerical exercises, and problem sets, some integrated within the text
and others included at the end of chapters. The problems vary widely in
their demands on students — some are straightforward applications of the
theory, while others require a great deal of creativity and a
willingness to think considerably outside the box.
