Publisher's Synopsis
Elements of Economics of Industry is a book written by Alfred Marshall and published in 1896. It is the first volume of his larger work, Elements of Economics, and focuses specifically on the economics of industry. Marshall was a prominent economist of his time and is considered one of the founders of modern economics.In this book, Marshall explores the economic principles that govern the behavior of firms and industries. He covers topics such as production, costs, pricing, market structure, and competition. Marshall also discusses the role of technology, labor, and capital in the industrial economy.The book is divided into three parts. Part one introduces the basic concepts of industrial economics and provides an overview of the economic system. Part two delves deeper into the behavior of firms and industries, focusing on issues such as economies of scale, monopoly power, and market structure. Part three looks at the broader economic context of industry, including the role of government, international trade, and economic growth.Marshall's writing is clear and concise, making complex economic concepts accessible to readers of all levels. He uses real-world examples and case studies to illustrate his points, making the book both informative and engaging.Overall, Elements of Economics of Industry is a seminal work in the field of industrial economics and remains relevant today. It is a must-read for anyone interested in understanding the workings of the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
