Teoría de Precios: Porqué está mal la Economía

Teoría de Precios: Porqué está mal la Economía

Author	Jorge Del Villar
Country	Mexico
Language	Spanish
Genre	Essay
Publisher	Cambridge Brickhouse Inc.
Publication date	first edition (2010)
Pages	141
ISBN	978-1-59835-271-9
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 text book format by Mexican author Jorge Del Villar.

Author's biographical notes

According to The Baltimore Sun, Del Villar’s involvement in his community dates back to his college days. From 2000 to 2002, he served as advisor to Mexican Foreign Minister Jorge Castañeda Gutman. From his column in El Universal, which he wrote from 2004 to 2007, Del Villar promoted legislative changes to advance the rights of Mexico City’s citizens. He also managed a five hundred cattle limited liability rural production company. The author is the son of Samuel I. Del Villar, a graduate of Harvard Law School and founder of the Mexican left wing party PRD and great-grandson of Manuel Gamio, considered father of Anthropology in Mexico. Del Villar hosts a radio talk show, "Caras de la Ciudad," which holds discussions with public guests, including cabinet rank government officials, representatives and specialists. The program has unveiled matters of national relevance, such as exposing Mexico City’s left wing ex-mayor and presidential ex-candidate, Andrés Manuel López Obrador's opposition to legislation to promote gay rights, according to left wing congresswoman and activist, Enoé Uranga. "Caras de la Ciudad" is transmitted by MVS Radio, an international broadcaster and home of CNN conductor Carmen Aristegui.

Del Villar has received the Reconocimiento INEGI, given by the autonomous Mexican National Institute of Statistics and Geography, INEGI, for serving society by professionally broadcasting unbiased statistical data and for his contribution as a journalist. Eduardo Sojo Garza-Aldape, INEGI's president, gave the award, which has also been granted, to other renowned writers and journalists such as Mario Luis Fuentes and Karla Iberia Sánchez.

For his expertise in political affairs from an academic perspective, Jorge del Villar was hired to conduct the TV show "Habla de Frente" broadcast by Once TV México and sponsored by Mexico's Federal Electoral Tribunal. According to its president, Magistrate José Alejandro Luna Ramos, the purpose of the program is to promote a democratic culture, while for Enriqueta Cabrera y Cuarón, director of Once TV México, this program is fundamental towards creating a sense of citizenship in Mexico.

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.