Opportunity-costs

This book is outstanding. It explains sophisticated concepts in economics in a fashion that is relatively easy to understand. The Chapter on "Cost in Economic Theory" clearly illustrates the superiority of marginal value theory and the importance of the concept of opportunity cost. The chapter on "the London Tradition" and the title chapter demonstrate the importance of subjectivity in economic costs. The chapters on public goods and social costs touch on a series of important issues in political economy. Also, Buchanan's discussion of the Socialist Calculation Debate is illuminating. Best of all, it is succinct and lucid. Cost and Choice is a must read for everyone who wants to understand economic theory.

great contents, very useful - unfortunately the book is a photostat copy of the original. The copy has been bound like a paperback with a photocopied front cover. One expects a bit more than this for the price!

A confident hiring decision is a manager's dream. Lack of clarity and uncertainty at this critical moment is torturous. Living with a hiring mistake is hell. The ability to attract and maintain key people is the most important asset a manager can have. This book lays it out for you. Establishes the need and then crushes any doubt about alternative strategies. It is a must. Would have liked to have seen more skill developement suggestions.