Microeconomics in Words

Microeconomics in Words (Oxford University Press) unpacks the assumptions and ethical choices behind microeconomic models. With a focus on market efficiency, Besharov explains complex ideas without heavy math, using examples from literature to provide context. Beginning with the basics of supply and demand, Besharov then explores issues like taxes, market failures, and transaction costs, shedding light on the strengths and gaps in economic analysis. This book also examines real-world applications, including free trade and the markets for cigarettes and organ transplants, to show how these tools are practically employed in modern society.