Download or read book The Power of Supply and Demand written by Lawrence W.C. Lai and published by Hong Kong University Press. This book was released on 2002-12-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: In contrast to many economics texts, which are often abstract and mathematical, this book uses simple language and graphs to demonstrate the general applicability of basic economic concepts, informed by ideas of the transaction cost paradigm, to a wide range of social, physical and legal phenomena. The case studies and applications collected here should enable students and practitioners, especially those in the management of the built and natural environment, to appreciate the power of economic theory in expressing, interpreting, and reviewing policies and practices.