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  • 3D Economics

    by Hak Choi ...
    Series Book 1 - Profit Economics Series
    Up till now, Economics is written in p-q 2 dimensions. This book includes the space variable and makes Economics 3-dimensional. It then overhauls all economic theories, especially the competition theories: monopoly demand is more elastic, colluded duopoly covers the whole market; kinked demand is redundant; etc.This book is suitable for courses like Microeconomics, Customer Relation Management, ... Read more

    $2.43 USD or Free with Kobo Plus

  • Toward a General Theory of Monopoly

    by Hak Choi ...
    Series Book 116 - Profit Economics
    This book develops a new monopoly theory based on Hotelling’s cage model. The new single-seller model—more pragmatically—assumes a positive production cost, yet the firm can impose any price on its consumers. The monopolist holds consumers captive through geographical means or other barriers, rendering their demand curve practically vertical. Although the monopolist can abuse the price policy, ... Read more

    $2.43 USD or Free with Kobo Plus

  • Disproving Karl Marx’s Interest Rate Theory

    by Hak Choi ...
    Series Book 63 - Profit Economics Series
    Karl Marx set profit to zero to obtain some maximum interest rate and called it profit rate. He further argued that interest rate must be lower than profit rate. That is Marx’s interest rate theory. This book disproves Marx’s profit rate, and hence his interest rate theory. It also advocates abolishing internal rate of return. ... Read more

    $2.43 USD or Free with Kobo Plus

  • Business Cycle: Untold

    by Hak Choi ...
    Series Book 29 - Profit Economics Series
    What is business cycle? It is economic forecast. Forecasting is fortune telling; it is superstition; it is not science. This book reveals the true face of several great economic forecast models. ... Read more

    $2.43 USD or Free with Kobo Plus

  • Stability in Competitive Competition

    by Hak Choi ...
    Series Book 115 - Profit Economics
    This book reproduces and corrects Hotelling’s “Stability in Competition”. His setup is contradictory and incomplete: he uses monopoly theory to explain competition, and fails to include production cost. This book introduces supply function to the two competitive firms, to come to the same stability conclusion. It also disproves Hotelling’s exploitation strategy, and offers a more profitable ... Read more

    $2.43 USD or Free with Kobo Plus

  • Foundation for Economic Analysis

    by Hak Choi ...
    Series Book 23 - Profit Economics Series
    This book advocates two topics as foundation for economic analysis: Freedom and Mencius. The first is mostly elaborated by western philosophy, but Mencius, being an ancient Chinese scholar, had developed many thinkings that are more avant-garde than most modern theories. ... Read more

    $2.43 USD or Free with Kobo Plus

  • Road or Traffic

    by Hak Choi ...
    Series Book 2 - Hak Choi Academy
    Is road the same as traffic? Up till now, economics has treated road and traffic as one. Instead, this book handles them separately, but the two are linked together by a key element: toll, even a zero one. Is road private or public? This book shows that the distinction is not so simple. This book covers 3 road-or-traffic economists and connects their piecemeal writings to form a complete theory of ... Read more

    $2.43 USD or Free with Kobo Plus

  • Central Bank: Untold

    by Hak Choi ...
    Series Book 28 - Profit Economics Series
    This book proves that central bank is not a bank, it does not earn any money, but fabricates only false account. Many people think central bank is almighty. They expect it to rescue the economy, earn money for its government and control inflation, etc. Actually, it is capable of nothing. ... Read more

    $2.43 USD or Free with Kobo Plus

  • IPO: Untold

    by Hak Choi ...
    Series Book 6 - Profit Economics Series
    IPO is the dream of many entrepreneurs, for that way they can cash in their effort, or obtain more money to run or expand their business. Seeing the listed price jumps higher, some stockholders feel happy for the increased wealth. The fact is, their wealth has been eroded. This volume shows how company management scams money with IPO. ... Read more

    $2.43 USD or Free with Kobo Plus

  • How to Profitably Raid a Company

    by Hak Choi ...
    Series Book 61 - Profit Economics Series
    Merger & Acquisition can enlarge a business to take advantage of the so-called economies of scale, but there is another conspiracy. This book teaches you how to raid a company, poor or rich, and even your own company. But if you don’t want to be a raider, do you still buy or keep those stocks? ... Read more

    $2.43 USD or Free with Kobo Plus

  • FinTech: The Magical Wealth Multiplier

    by Hak Choi ...
    Series Book 62 - Profit Economics Series
    Modigliani and Miller (1958) advocated more borrowing for higher rate of return. This paper uses FinTech to update their theorem. It also proves that FinTech’s multiplier is more magical than the deposit one. ... Read more

    $2.43 USD or Free with Kobo Plus

  • Everything You Know About Monopoly Is Wrong

    by Hak Choi ...
    Series Book 111 - Profit Economics
    Demand is already a marginal revenue function, and cannot be used to fabricate another marginal revenue function. Hence, everything you know, so far, about monopoly is wrong. ... Read more

    $2.43 USD or Free with Kobo Plus