Summary: The second edition of "Price Theory and Its Uses" focuses on intermediate price theory, emphasizing clarity, organization, and coverage improvements while maintaining the relevance and uses of price theory for students. The text aims to demonstrate the importance of price theory in various business problems, economic policy analysis, and discussions on private enterprise. The changes in this edition include reorganization of material, rewriting sections, additions, and deletions, introducing new topics like shadow prices and economic efficiency models. Key chapters cover areas like monopoly pricing, pricing in imperfect competition, and incomes as prices, showcasing relevant mathematical notes and providing exercises and problems for further understanding. The text highlights fundamental economic principles, such as equilibrium in exchange, dynamics of demand, supply, and price, productivity trends, wage distribution, and the theory of monopolistic competition. Through detailed analysis and theoretical frameworks, the book offers a comprehensive understanding of price theory's practical implications and its role in economic decision-making.