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by William James Louden Ryan

  • ISBN: 0333179129
  • Category: Money & Business
  • Author: William James Louden Ryan
  • Subcategory: Economics
  • Other formats: mobi rtf lrf mobi
  • Language: English
  • Publisher: Macmillan; Revised edition (1977)
  • Pages: 399 pages
  • FB2 size: 1705 kb
  • EPUB size: 1149 kb
  • Rating: 4.1
  • Votes: 711
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Price Theory by. William James Louden Ryan, David W. Pearce. Note: these are all the books on Goodreads for this author.

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William James Louden Ryan, MRIA (1923–2018), known as Louden Ryan, was an Irish economist and academic. Among a number of public positions, he served as chairman of the National Economic and Social Council from 1973 to 1978 and as Governor of the Bank of Ireland from 1985 to 1991.

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Ryan, William James was born on November 13, 1940 in Wichita, Kansas, United States. Son of John Norton Junior and Margaret Louise Ryan. Bachelor, Kansas State University, 1963. Master of Divinity, Dubuque Theological Seminary, 1967. Master of Arts, University Missouri, 1971. Journalist various newspapers, Kansas, 1958-1962.

William James Louden Ryan, always known as Louden, was born in Portadown in 1923. Ryan soon established himself as an outstanding lecturer. He attended Portadown College, where he met his future wife, Maudie, who was also a student there. He had a brilliant undergraduate career in Trinity, obtaining a scholarship in 1944. Some of his lectures were soon published as Price Theory, a book that was used as a core textbook by many British universities in the late 1950s and 1960s.

Reviews about Price theory (7):
Milton Friedman's Price Theory is certainly required reading for all economists. Among economics texts of its era it is rivaled only by George Stigler's Theory of Price and Gary Becker's Economic Theory; and, like those books, it remains worth reading even though it has been (quite properly) supplanted by more up-to-date texts like Varian, Kreps, and Mas-Colell et al.

Having said that, be careful which version of this classic book you buy:

Price Theory is the first, 1962, version. It's now of historical interest only.

Price Theory reprints the 1976 revision originally published by Aldine (also available used on Amazon as Price Theory), with a short introduction by Steven Medema, in paperback. If you want a crisp, new paperback copy of this book, this is the one to buy.

Price Theory from the publisher called "The Richest Man in Babylon" is, quite simply, a ripoff! It appears to be a reprint of the first published version, or possibly an early samizdat version of Friedman's notes. There's no excuse for selling a version of this vintage without making clear that it does not include Friedman's later revisions. Don't waste your money.
After being assigned Price Theory by Milton Friedman, I eagerly purchased a paperback version published by therichestmaninbabylon.org in 2008.Price Theory

Upon finding that 3 of the problems assigned by my professor (from his old copy of the 1976 edition) were not in the book, I read the reviews more carefully and found that this version is probably a reprint of the 1962 edition and not complete with Friedman's thoughts and analysis as of 1976.

Amazon needs to note which edition the new paperbacks are reprinting! I would not have bought the book if I had suspected that it did not have the full information from 1976.
Nice product.
brand new, no underlining or wear or tear marks. Excellent hard copy, definitely worth keeping, and great value for money overall.
It is a good book. Nice to have it and it is shipping immediately and in good shape.
When i studied microeconomics i paid too much attention on the "inner" sense of models (perfect and unperfect markets). But this way of studying keeps a student a little bit far from what really matters in any of them: its power to explain, its power to catch up essential features from social reality (in this case, essential features from flesh-and-bone markets). Well, this book helped me a lot to restore my sense of reality when i think of basic microeconomic concepts (demand and supply curves, marginal cost / productivity, etc.). Friedman has an intuitive approach to microeconomics. He shows that models are engines to think of economic reality, they are not by themselves the ultimate goals of economic science. Study models. Do it properly. If in the road you feel your mind lost, take back to this classic and make a review of your usual assumptions. Economics is mathematics, yes, but with economic sense what stands for good understanding of what it is being modelled.

I strongly recommend to read this textbook in microeconomics before starting others, with a more mathematical approach.
This is one of the best texts on the core concepts of Economics that has ever seen the light of day. It is not easy going, so you should first master a more elementary text, like Paul Heyne's The Economic Way of Thinking Economic Way of Thinking, The (11th Edition), and maybe even an intermediate text, like the famous Exchange And Production Theory In Use by Alchian and Allen But whether you prepare only a little or prepare a lot, this is the frosting on the cake.

It is truly unfortunate that Professor Friedman spent most of his professional life developing the macroeconomic and monetary literature, when he was so very lucid in the more important topics of price theory and political economy. But make use of the treats that he left us, even if they are far too few.
I was lucky enough to take Dr. Friedman's two-quarter graduate sequence in price theory (called "microeconomics" elsewhere) in the early 70s at the University of Chicago. This book was the textbook. I have never revised my original opinion that Friedman's 301 and 302 were simply outstanding, maybe the best courses I ever had in economics.
You can put that in perspective when I tell you I spent ten years at Chicago, earning both my bachelor's and PhD -- by this I mean I took a lot of economics courses. If you know anything about the Chicago School of Economics you are aware that price theory occupies a special place in their scheme of things.
The good Doctor retired from Chicago around 1973 or 1974, if I am not mistaken (he moved to the Hoover Institution. You can't take "Milton" on price theory today -- but you can read his book. And it what a fine book it is. I recommend reading George Stigler's "The Theory of Price" before attemption this book. Master them both and you will have a very solid foothold on price theory.

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