Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.
Examines the transition from water-and-wood to coal-and-iron industrial technologies in the paleotechnic era, discussing environmental concerns, steam engines, and market systems.
Explores the equilibrium in competitive markets, the impact of non-competitive forces, and the role of government intervention in aligning markets with social welfare.
