Download or read book Uncovering the General Economic Logic of Price Systems written by John P. Barrados Ph.D. and published by Trafford Publishing. This book was released on 2013-05-28 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book establishes that there is a fault or inconsistency in the orthodox classical price system. This suppresses in the system the general economic logic that should characterize all price systems. This mars the orthodox classical system in various ways, for example, by bringing an incorrect form of Say's Law into the system that restricts it to long-run states. However, the inconsistency in the orthodox classical system is resolved in the book through a revised classical system. This gives the latter system a more general character than the orthodox form of the system. This is reflected, for example, in the revised classical system being rid of the incorrect form of Say's Law that restricts the orthodox classical system to long-run states.