William Neal Reynolds Distinguished Professor Barry Goodwin has authored a new book, Lectures in Production and Supply. Published by World Scientific, the book presents the core components of modern theories of production and market conditions from the supply side, offering a valuable resource for students and instructors.
Drawing from decades of experience teaching production economics at the doctoral level, Goodwin uses practical models to explain production in real-world contexts. The book examines how uncertainty and risk affect production decisions and explores risk management tools, including insurance.
Lectures in Production and Supply also addresses household production, when purchased goods undergo further production before consumption, influencing market dynamics. Finally, it examines how policies, especially agriculture-related, affect production decisions and market relationships.
The publication is a valuable resource for students, researchers and instructors in agricultural economics, applied microeconomics and related fields.
To learn more or to purchase a copy, visit the World Scientific website.
