The Power of Supply and Demand - Lai, Lawrence W. C.
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In contrast to many economics texts, which are often abstract and mathematical, this book uses simple language and graphs to demonstrate the general applicability of basic economic concepts, informed by ideas of the transaction cost paradigm, to a wide range of social, physical and legal phenomena. The case studies and applications collected here should enable students and practitioners, especially those in the management of the built and natural environment, to appreciate the power of economic theory in expressing, interpreting, and reviewing policies and practices.

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Produktbeschreibung
In contrast to many economics texts, which are often abstract and mathematical, this book uses simple language and graphs to demonstrate the general applicability of basic economic concepts, informed by ideas of the transaction cost paradigm, to a wide range of social, physical and legal phenomena. The case studies and applications collected here should enable students and practitioners, especially those in the management of the built and natural environment, to appreciate the power of economic theory in expressing, interpreting, and reviewing policies and practices.
Autorenporträt
Lawrence W. C. Lai, with degrees in economics, law, town planning and surveying, is a professor in the Department of Real Estate and Construction, the University of Hong Kong. He specializes in the economic analysis and practice of town planning and environmentalism. Ben T. Yu is trained in both mathematics and economics. After graduating from the University of Washington he taught economics at the University of California at Los Angeles and the University of Hong Kong. He has just retired from being Professor of Economics at the California State University, Northridge.