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In this informative and innovative book, the basic ideas of economics, and why markets work well or not, are presented using simple numerical examples, rather than algebra or diagrams. The topics addressed by Economics for Amateurs include willingness to pay with unequal incomes, policy dilemmas, external effects of policies, one-sided information, the Theory of Games, and the co-ordination problems of the marketplace.
Keywords:- Economics, Wealth, Private Values, Markets, Risk, Game Theory, Information.
Genres:- Business & Economics, Education, Personal & Practical Guides.