014 - The Theory of Monopolies

Dive into the essential principles of economics with Alfred Marshalls influential textbook, Principles of Economics. First published in 1890, this seminal work is the result of Marshalls in-depth research that began in 1881 and quickly became the go-to economic guide of its era. It expertly combines the concepts of supply and demand, marginal utility, and production costs, offering a comprehensive understanding of economic theory. Although the second volume, which aimed to tackle subjects like foreign trade and taxation, was never completed, the first volume remains a pivotal resource in economic studies. This reading is based on the esteemed eighth edition, released in 1920.