Ebook: The end of economics

In this book, Perelman explores the real constraints on the US market and the implications of a non-perfect world.;Book Cover; Title; Contents; Introduction; THE END OF ECONOMICS; Sociology of economics; A child's guide to price theory; Marginal costs and economic psychology; Decreasing returns; The unrealistic world of conventional price theory; Sunk costs; Fixed costs; Liquidity; Conclusion; ECONOMIC THEORY AND THE HISTORICAL INCREASE OF FIXED CAPITAL; Irrationality and the expansion of fixed capital; Keynes and animal spirits; More on irrationality and investment; Psychology and the business cycle; Accounting and the quest for rational decision making; The role of recessions in market economies.