How Long to Read The Economic Organization

How Long Does it Take to Read The Economic Organization?

It takes the average reader 3 hours and 30 minutes to read The Economic Organization by Karl G. Heider

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

Description

When originally released, Frank Hyneman Knight's The Economic Organization revitalized the teaching of economic theory in America during the 1930s, laying the foundation for the price theory revolution led by economists emerging from Knight's circle at The University of Chicago. Knight shows that when societies choose to allow market organization, their economy simultaneously solves the fundamental functions of valuation and efficiency. It also organizes the production and distribution of resources, providing incentives for progress. The Economic Organization provides a short introduction to the basic principles of supply, demand, and distribution that emerge from neoclassical price theory. The central role of the price mechanism in market organization is illustrated neatly by Knight's "wheel of wealth"the circular flow diagram most often identified with macroeconomic flows, but introduced here for price theoretic reasons. This version also includes his essay on "Utility and Cost," which provides a seamlessly integrated alternative-cost interpretation of neoclassical theory. This expanded edition of The Economic Organization includes a new introduction by Ross B. Emmett, which expands upon the short note on capital theory inserted in the original. Knight wrote three versions of the note for student use, and all three are included in the second chapter. Few books have changed the landscape of American economics and economic education as much as Knight's The Economic Organization. This book should be read by all economists, historians, and policy makers.

How long is The Economic Organization?

The Economic Organization by Karl G. Heider is 206 pages long, and a total of 52,736 words.

This makes it 70% the length of the average book. It also has 64% more words than the average book.

How Long Does it Take to Read The Economic Organization Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 48 minutes to read The Economic Organization aloud.

What Reading Level is The Economic Organization?

The Economic Organization 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 The Economic Organization?

The Economic Organization by Karl G. Heider 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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