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An Introduction to Positive Economics Paperback – 25 May 1995


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Product details

  • Paperback: 943 pages
  • Publisher: Oxford University Press; 8th Revised edition edition (25 May 1995)
  • Language: English
  • ISBN-10: 0198774257
  • ISBN-13: 978-0198774259
  • Product Dimensions: 25.4 x 20.6 x 5.1 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Bestsellers Rank: 78,917 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

Format: Paperback
This is an essential for any LSE undergraduate or economics student. It can be used for A Level but due to its size might be intimidating. As in the heading: you could get by with just this book for a basic understanding of markets, pricing, competition and the firm and the basics of marginal theory without the maths. But for macro economics you will need to go elsewhere.

When you have conquered Lipsey read alternative theories of resource allocation and income distribution: Leontiffian input/output theory to begin with!

There is more than one way to skin a cat! You will then see what an apology for Western Capitalism this version of economic theory is.

At the end of the day this particular re-statement of Marshall and Ricardo is just an elegant intellectual game based on incredible assumptions which is completely devoid of any real life application.

But forgive me. It's for taking exams...it is good for that. I know!
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1 of 1 people found the following review helpful By Faustino on 17 Feb. 2013
Format: Hardcover
Wiki notes that positive economics concerns the description and explanation of economic phenomena: it focuses on the analysis of economic behaviour, based on facts and cause-and-effect relationships, including the development and testing of economic theories. It is distinguished from normative economics, which expresses value judgements about what "ought" to be.

I studied with Lipsey at the London School of Economics from 1961-64 and was his research assistant in 1966-67 before becoming a government economic policy adviser. Positive economics as presented in this book is an essential underpinning of good advice. An adviser, and those interested in economic policy, needs to distinguish actual scientifically-defensible relationships from ideologically or politically-motivated claims, and to be able to present advice dispassionately to policy-makers. Lipsey's work will help you to do this. (Note: it's a long time since I read it, but my work reflected its essentials.)
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By Kevin Jacob on 28 Feb. 2014
Format: Paperback Verified Purchase
this is an old favourite and great for people wanting a more deeper understanding that the as a level gives
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By Dan Dunleavy on 21 Dec. 2014
Format: Paperback Verified Purchase
Delivered as promised
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 3 reviews
2 of 2 people found the following review helpful
Good Introductory Text on Economics 19 April 2006
By Elijah Chingosho - Published on Amazon.com
Format: Hardcover
I used this book on the economics subject during my university days. It enabled me to read the subject from an introductory level and to delve into a more in depth study of this fascinating science.

The book provides a comprehensive coverage of economics for first year undergraduate students. It provides an excellent foundation for those who wish to specialize in the subject.

The book has been kept up-to-date with current developments in the field to include risk analysis and assessment, decision making under uncertainty and incomplete information and has several informative examples that reinforce the student's grasp of the subject.
First class on micro, not so clear or useful on macro economic theory. 28 Aug. 2014
By david - Published on Amazon.com
Format: Paperback
This is an essential for any LSE undergraduate or economics student. It can be used for A Level, but due to its size might be intimidating. As in the heading: you could get by with just this book for a basic understanding of markets, pricing, competition and the firm and the basics of marginal theory without the maths. But for macro economics you will need to go elsewhere.

When you have conquered Lipsey read alternative theories of resource allocation and income distribution: Leontiffian input/output theory to begin with!

There is more than one way to skin a cat! You will then see what an apology for Western Capitalism this version of economic theory is.

At the end of the day this particular re-statement of Marshall and Ricardo is just an elegant intellectual game based on incredible assumptions which is completely devoid of any real life application.

But forgive me. It's for taking exams...it is good for that. I know!
OUT OF MY LEAGUE 18 Jan. 2013
By Michael Mahoney - Published on Amazon.com
Format: Paperback Verified Purchase
This was purchased for a friend of my brother's in Nairobi Kenya. I have gotten no negative feedback so I guess it is just what he wanted.
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