Thanks to everyone who the first six chapters of my book, Economics in Two Lessons. That brings us to the end of Lesson 1: Market prices reflect and determine opportunity costs faced by consumers and producers.
Now its time for Lesson Two: Market prices don’t reflect all the opportunity costs we face as a society.
I’ll start with a brief intro and then the draft of Chapter 7: Property rights, and income distribution
As usual, I welcome comments, criticism and encouragement.
The book so far is available
Table of Contents
Chapter 1: What is opportunity cost?
Chapter 2: Markets, opportunity cost and equilibrium
Chapter 3:Time, information and uncertainty
Chapter 4:Lesson 1: Applications.
Chapter 5: Lesson 1 and economic policy.
Chapter 6: The opportunity cost of destruction
Feel free to make further comments on these chapters if you wish.