Derive Marshallian demand, plug into expenditure function, get Hicksian demand. Lose 50% of the class during the Shephard’s lemma proof.
Note: All pagination and chapter references are from the 2017 MIT Press hardcover edition. The ebook version maintains the same organization.
(Prepared March 23, 2026)
Felix Muñoz-Garcia has done something rare: he has democratized access to advanced economic reasoning without dumbing it down. He respects that you can learn the math, but he refuses to let the math obscure the economics.
Derive Marshallian demand, plug into expenditure function, get Hicksian demand. Lose 50% of the class during the Shephard’s lemma proof.
Note: All pagination and chapter references are from the 2017 MIT Press hardcover edition. The ebook version maintains the same organization.
(Prepared March 23, 2026)
Felix Muñoz-Garcia has done something rare: he has democratized access to advanced economic reasoning without dumbing it down. He respects that you can learn the math, but he refuses to let the math obscure the economics.