Pages 141 Originally published 2010 Page count 141 Country Mexico | Publication date first edition (2010) ISBN 978-1-59835-271-9 | |
Publisher Cambridge Brickhouse Inc. Preceded by Cantos modernos: yo con Jesús | ||
Teoría de Precios: Porqué está mal la Economía (Price Theory: Economics is Mistaken) is an economic essay written in textbook format by Mexican author Jorge Del Villar.
Contents
Theme
Teoría de Precios: Porqué está mal la Economía questions the fundamentals of economic theory. According to Del Villar, while all the components of the market have changed, including economic goods, producers and consumers, the basic theoretical principles have remained the same since 1776 when Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations. Del Villar believes that economic theory, including the Law of Demand, the Law of Supply, and the explanations given to price determination, lacks of scientific rigor. He also considers that the discipline does not provide veridical explanations to the way consumers and producers behave in the real world.
Del Villar proposes an integral revision of the fundamental principles upon which economic theory is built and suggests that other disciplines, like anthropology, should be included in such a process.
Reception
Mexican media has taken interest in Teoría de Precios: Porqué está mal la Economía and has related common problems in the Mexican economy with the ideas in the book. Del Villar has been interviewed on Televisa's program "Primero Noticias" and on Radio Formula, Mexico´s largest broadcast house. The book has received reviews in journals and periodicals, such as CEIDAS' journal, México Social, Excélsior newspaper, MVS Comunicaciones, and Tiempo Libre magazine may be picked up for a second printing.