Essentials of Price Theory

By Burton Seely Keirstead Foreword by Harold A. Innis

© 1942

This volume is a general survey of pure value and distribution theory written for students who have completed a more discursive elementary course, or, perhaps, for a select group of students entering on a series of courses in economics. The book is divided into two parts. Book I is a good, intelligent treatment of the scope and methods of Economics. Book II contains an algebraic analysis of pricing in an economy of two individuals, and of pricing and distribution with two commodities. Changes in price and distribution equilibria over time are discussed and illustrated in a series of admirably executed three-dimensional diagrams.

This is the author's attempt to sharpen and clarify in his own mind the basic principles and concepts of price theory. It attempts to be precise and it is entirely devoted to the problems of price theory. It may help some students of economics to concentrate on the fundamental problems of price theory and to master rigorous techniques in a way a more discursive book could not.

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Product Details

  • Series: Heritage
  • World Rights
  • Page Count: 246 pages
  • Dimensions: 6.0in x 1.0in x 9.0in
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SKU# SP005151

  • PUBLISHED DEC 1942

    From: $21.71

    Regular Price: $28.95

    ISBN 9781487592189
  • PUBLISHED DEC 1942

    From: $47.25

    Regular Price: $63.00

Quick Overview

This volume is a general survey of pure value and distribution theory written for students who have completed a more discursive elementary course, or, perhaps, for a select group of students entering on a series of courses in economics.

Essentials of Price Theory

By Burton Seely Keirstead Foreword by Harold A. Innis

© 1942

This volume is a general survey of pure value and distribution theory written for students who have completed a more discursive elementary course, or, perhaps, for a select group of students entering on a series of courses in economics. The book is divided into two parts. Book I is a good, intelligent treatment of the scope and methods of Economics. Book II contains an algebraic analysis of pricing in an economy of two individuals, and of pricing and distribution with two commodities. Changes in price and distribution equilibria over time are discussed and illustrated in a series of admirably executed three-dimensional diagrams.

This is the author's attempt to sharpen and clarify in his own mind the basic principles and concepts of price theory. It attempts to be precise and it is entirely devoted to the problems of price theory. It may help some students of economics to concentrate on the fundamental problems of price theory and to master rigorous techniques in a way a more discursive book could not.

Continue Reading Read Less

Product Details

  • Series: Heritage
  • World Rights
  • Page Count: 246 pages
  • Dimensions: 6.0in x 1.0in x 9.0in
  • Author Information

    Burton S. Keirstead (1907-1973) was Dow Professor of Political Economy and Chairman of the Department at McGill University, Visiting Professor in Economics at the University of Arizona, and Professor of Political Economy at the University of Toronto until his retirement in 1971.


    Harold A. Innis (1894-1952) was a Canadian professor of political economy at the University of Toronto and the author of seminal works on media, communication theory and Canadian economic history.

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