Lectures on modern economic theory
- 4th ed.
- Allahabad Chaitanya Publishing 1973
- 286 p.
While revising the book for the third time I have added three lectures: (i) From Monopoly to Perfect Competition through Imperfect Competition, (ii) Monopolistic Competition-Product Differentiation, and (iii) The Accelerator. Lectures on Modern Economic Theory is not a text book of the ordinary type; it is a commentary on some of the most important topics in pure economics. For the same reason the book has been called "Lectures on Modern Economic Theory". When a professor lectures to his students he gives them his own views on the topics on which he lectures or in some cases he interprets old theories in his own way.