Review of "Economics of Economy Pricing"
Congratulations to Marin Muzhani (CDI College, Canada), the author of the book "Economics of Economy Pricing," for receiving a review appearing in the 'Journal of Economic Literature' (Volume 61, no. 4), December 2023, and in the American Economic Association's electronic publications: 'e-JEL,' 'JEL' on CD, and EconLit:
Provides a detailed analysis of the economic implications of economy pricing, examining how micro- and macroeconomic events are connected in a globalized system. Discusses pricing strategies in economy pricing, as well as competition, mass production, and economies of scale. Explores the theory of the firm in economy pricing, including the concept of production and costs. Explains how pricing works in a competitive market and how the pricing strategy is influenced by factors that may be beyond the firm’s control. Describes how inflation, interest rates, and unemployment rates work at the macro level in an economy pricing system dominated by competition and characterized by different categories of non-premium products in almost all sectors of the economy. Considers how monetary policy works when inflation, interest rates, and unemployment rates are kept low in an economy pricing system characterized by a high level of competition between firms in different sectors. Covers public debt and fiscal policy, including aggregate demand and curve supply.
[Book's annotation appearing in the 'Journal of Economic Literature' (Volume 61, no. 4), December 2023, and in the American Economic Association's electronic publications: 'e-JEL', 'JEL' on CD, and EconLit]
Find more about the book here: "Economics of Economy Pricing"
The economy of the industrialized countries in the 21st century has already moved to a new level of mass production and technology never seen before, thanks in part to globalization, advanced technologies, new organization management methods, and innovative supply chain. A relatively large number of mass-produced commodities (characterized as non-premium) and services in Western economies are somehow sold at discounts rather than regular prices at a much higher frequency that was never seen before. This phenomenon has completely changed how we look at the theory of the firm in microeconomics.
This book is indented to introduce new ideas and theories by challenging the current modern micro-and-macro economic theories. In a globalized world, the economies of advanced countries have entered a new phase called “economy pricing,” where most of the mass commodities are sold at a low price during certain periods of the year, called ‘sales events’. In addition to low prices, most industrialized countries have had record low inflation, low-interest rates, low growth, and low unemployment rates.
This book will contend how the “Economy Pricing System” is about to revolutionize how people look at a real economy’s micro and macro effects.
Page last updated on February 2nd 2024. All information correct at the time, but subject to change.