How Long to Read Economics of Markets

How Long Does it Take to Read Economics of Markets?

It takes the average reader 3 hours and 22 minutes to read Economics of Markets by Sabiou M. Inoua

Assuming a reading speed of 250 words per minute. Learn more

Description

This book establishes that neoclassical economics based on the marginal utility calculus failed to derive a theory of consumer market price discovery consistent with the experimental market evidence. Such markets involve inherently discrete final-demand items bought for consumption and not subject to resale. Classical economists following Adam Smith articulated a rich narrative of price discovery theory consistent with experimental evidence based on operational concepts of discrete demand values (maximum willingness-to-pay), and symmetrically, supply costs (minimum willingness-to-accept). We develop and extend a mathematical model of classical market price formation. Chapter 1 & 2 describes this theme and chapter 3 connects it with experiments. Chapter 4 builds on experimental examples for an intuitive overview of the theory. A partial equilibrium version of the theory constitutes Chapter 5. Chapter 6 extends this framework to price formation by wealth constrained agents in multiple-goods markets. Chapter 7 applies this framework to the study of re-tradable durable-goods and financial claims that are subject to sources of instability absent in markets for consumer non-durables.

How long is Economics of Markets?

Economics of Markets by Sabiou M. Inoua is 197 pages long, and a total of 50,629 words.

This makes it 66% the length of the average book. It also has 62% more words than the average book.

How Long Does it Take to Read Economics of Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 36 minutes to read Economics of Markets aloud.

What Reading Level is Economics of Markets?

Economics of Markets is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Economics of Markets?

Economics of Markets by Sabiou M. Inoua is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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