Description
Book SynopsisTrade ReviewOnce every decade or so a book is published that changes the way people view a topic, even if they consider themselves experts in that area. I believe that Professor Buechner's new text will be one of those rare books. Forget the pop-culture economics books that have appeared on the scene in recent years with their anecdotes about crime waves and parking meters. If one truly wishes to learn about the not so 'dismal science,' Objective Economics is the book to read. I intend to recommend it to all of my students. -- Dr. George A. Mangiero, Iona College
Professor Buechner presents a comprehensive theory of prices demonstrating how the economy is shaped by individual businessmen grasping and evaluating facts of reality. -- Shrikant Rangnekar, partner, ILW.com
This is the first economics text to emphasize a central truth about economics: that the fundamental concept of economic thought is economic value. By placing value first and grasping its objective nature, Professor Buechner cuts through the convolutions of modern economics, and provides a solid grounding for issues such as exchange, price, supply, and demand. Students and professionals now have a starting point for economic thinking that is far superior to the 'scarcity' or 'distribution' models in most texts today. -- Dr. John David Lewis, Duke University
Professor Buechner presents a new theory of price in this book. A lifelong admirer of Ayn Rand, he has built his theory on her philosophy of Objectivism and created an original conception of the economy and how it works. His book is written for the economist or noneconomist, particularly those who always thought 'I just can't understand economics.' After 40 years as an economic consultant, I wish I had had this book to read when I began my career. -- M. Kathryn Eickhoff, Eickhoff Economics, Inc.
Table of ContentsIntroduction Chapter One: Method and Context Chapter Two: Objective Economic Value Chapter Three: Fundamental Economic Concepts Chapter Four: Foundational Theories Chapter Five: Introduction to the Theory of Objective Prices Chapter Six: Someone Sets the Price Chapter Seven: The Other Methods of Price Creation Chapter Eight: The Theory of Objective Prices Chapter Nine: The Factors of Production Chapter Ten: Changes in Objective Prices I: The Effect of Changes in Facts on Set Prices Chapter Eleven: Changes in Objective Prices II: The Effect of Changes in Facts on Other Prices Chapter Twelve: Scarcity and Profit Chapter Thirteen: Total Spending and Production Appendix A: The Theory of Price in Modern Economics: A Critique Appendix B: The Method of Modern Economics: A Critique Appendix C: Marginalism in Modern Economics: A Critique Appendix D: The Meaning of Scarcity in Modern Economics: A Critique Appendix E: The Effect of Changes in Cost on Set Prices: Expansion of the Argument in Chapter Ten
