The book offers a comprehensive analysis of how interest rates and asset prices are determined, using straightforward assumptions. It presents a theory that serves as either an alternative to or an extension of the liquidity preference theory, providing valuable insights into financial economics. First published in 1960, it remains a significant contribution to understanding the interplay between interest rates and asset valuation.
Focusing on the practical workings of micro-economics, the book delves into the intricacies of resource allocation rather than adhering strictly to textbook theories. Ralph Turvey offers insights into the real dynamics of the economy, providing a more nuanced understanding of demand and supply. This foundational text, first published in 1971, remains relevant for those looking to grasp the complexities of economic interactions beyond traditional academic perspectives.
Focusing on the economic efficiency of public enterprises, this 1971 work offers a thorough analysis rooted in welfare economics. The author elaborates on key concepts and applies them to specific case studies, utilizing insights from the National Board for Prices and Incomes to illustrate the practical implications of these theories.