Cost and Choice
Subtitle: An Inquiry in Economic Theory (Collected Works of James M Buchanan)
Publisher: Liberty Fund
Published: May 2000
Language: eng
Format: Paperback
Number of pages: 96
ISBN-13: 9780865972247
Subjects: Microeconomics; History; Business/Economics; Cost; Economics; Opportunity costs; Welfare economics
First sentence: "If among a nation of hunters . . . it usually costs twice the labour to kill a beaver which it costs to kill a deer, one beaver should naturally exchange for or be worth two deer."