Introduction to the Series

 

 

Drawing on a personal network, an economist can still relatively easily stay well informed in the narrow field in which he works, but to keep up with the development of economics as a whole is a much more formidable challenge. Economists are confronted with difficulties associated with the rapid development of their discipline. There is a risk of ‘balkanization’ in economics, which may not be favorable to its development.

Fundamentals of Pure and Applied Economics has been created to meet this problem. The discipline of economics has been subdivided into sections (listed at the back of this volume). These sections comprise short books, each surveying the state of the art in a given area.

Each book starts with the ...

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