concepts from a political perspective: how the pricemechanism substitutes for central authority in determiningproduction and allocation of goods; the use of demand and supplycurves to trace the impacts of tariffs, taxes, subsidies, quotasand patents; and the redistribution of income. Additionally thetext explores political topics from an economic perspective,including the avoidance of anarchy and despotism; and the mutualdependence of markets, voting, public administration and law.Relies largely on stories and paradigms to convey importanteconomic concepts.Explains basic economic concepts from a political perspectiveand explores political topics from an economic perspective.Covers topics such as the price mechanism, demand and supplycurves, redistribution of income, anarchy, voting and publicadministration.

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