Home | Mises Library | Foundations of the Market Price System

Foundations of the Market Price System

Foundations of the Market Price System by Shapiro

Tags Austrian Economics OverviewPricesValue and Exchange

02/06/1985Milton M. Shapiro

Murray Rothbard just loved this Austrian text on microeconomic theory. In fact, he thought it was the best text available — except that it has only been sporadically available since it was first published in 1974. It is characterized by a strong pedagogical drive, a logical precision, and an excellent presentation that competes directly with mainstream alternatives except that this one follows Rothbardian logic. The typesetting is from a typewriter, which is unfortunate, but it is nonetheless very clear, as are the graphical expositions. This reprint preserves the original.



Milton M. Shapiro

Milton M. Shapiro received his doctorate degree in economics from the University of Southern California in 1963. In 1974 he wrote Foundations of the Market-price System which uses the perceptive of Austrian Economics to teach microeconomics. Shapiro was a professor of economic theory, philosophy, and economic history at the California State Polytechnic University, Pomona from 1962 to 1987.


Lanham, MD: University Press of America, Inc., 1985.