Economics: Private and Public Choice / Edition 11

Hardcover (Print)
Rent
Rent from BN.com
$83.90
(Save 75%)
Est. Return Date: 10/20/2014
Buy New
Buy New from BN.com
$313.46
Buy Used
Buy Used from BN.com
$240.07
(Save 28%)
Item is in good condition but packaging may have signs of shelf wear/aging or torn packaging.
Condition: Used – Good details
Used and New from Other Sellers
Used and New from Other Sellers
from $1.99
Usually ships in 1-2 business days
(Save 99%)
Other sellers (Hardcover)
  • All (23) from $1.99   
  • New (2) from $2.99   
  • Used (21) from $1.99   

Overview

A cornerstone of Harcourt¦s publishing program for 25 years, Economics: Private and Public Choice is considered the best existing principles of economics textbook emphasizing free markets. The strengths of this text are its clarity, emphasis on the economic way of thinking, and its application to the world around us. Economics: Private and Public Choice has an amazing approach to introducing students to a moderate amount of economic data analysis while applying the concept to a real-world story.
Read More Show Less

Editorial Reviews

Booknews
This book/CD-ROM text seeks to make economics understandable to freshman and sophomore undergraduates and to illustrate the relevance of economics in daily life. Core chapters cover material usually taught in economics principles courses, and include short units (designed for one class period) on topics such as the future of social security, and readings which highlight the organizational and institutional factors that underlie economic prosperity. The CD-ROM contains a graphing workshop and animated tutorials, interactive graphing exercises, video lectures on difficult topics, and video news segments. Gwartney teaches economics at Florida State University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Read More Show Less

Product Details

  • ISBN-13: 9780324205640
  • Publisher: Cengage Learning
  • Publication date: 3/23/2005
  • Edition description: Older Edition
  • Edition number: 11
  • Pages: 832
  • Product dimensions: 8.60 (w) x 11.00 (h) x 1.30 (d)

Meet the Author

James D. Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Stavros Center for the Advancement of Free Enterprise and Economic Education. His writings have been widely published in both professional journals and popular media. He is the co-author of Common Sense Economics: What Everyone Should Know about Wealth and Prosperity (St. Martin's Press, 2005), a primer on economics and personal finance. Gwartney's current research focuses on the measurement and determination of factors that influence cross-country differences in income levels and growth rates. In this regard he is the coauthor (with Robert Lawson) of the annual report, Economic Freedom of the World, which provides information on the institutions and policies of 141 countries. This data set, published by a worldwide network of institutes in 79 countries, is widely used by scholars investigating topics ranging from economic growth to peaceful relations among nations. He served as Chief Economist of the Joint Economic Committee of the U.S. Congress during 1999-2000. Gwartney was invited by the incoming Putin Administration in March 2000 to make presentations and have discussions with leading Russian economists concerning the future of the Russian economy. In 2004 he was the recipient of the Adam Smith Award of the Association of Private Enterprise Education for his contribution to the advancement of free market ideals. He is a past President of the Southern Economic Association and the Association for Private Enterprise Education. Gwartney earned his Ph.D. in economics from the University of Washington.

Richard L. Stroup is Professor of Economics Emeritus at Montana State University, as well as Senior Fellow at the Property and Environment Research Center (PERC) and Visiting Professor in Economics at North Carolina State University. For the three years before his retirement from Montana State University, he served as head of the Department of Agricultural Economics & Economics. Professor Stroup, who has a Ph.D. in economics from the University of Washington, was one of the originators of the New Resource Economics, the academic approach popularly known as free market environmentalism. He also served as director of the Office of Policy Analysis in the U.S. Department of the Interior and has been published widely in professional journals and popular publications. He is author or contributing editor of numerous books on the economics of resources and the environment and the author of ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT ECONOMICS AND THE ENVIRONMENT (Cato Institute). Most recently he co-authored COMMON SENSE ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT WEALTH AND PROSPERITY (St. Martin's Press, 2005) with James Gwartney and Dwight Lee. Stroup has lectured throughout the United States and abroad to professional and general audiences. He also is an adjunct scholar with the Cato Institute.

Russell S. Sobel earned his Ph.D. in economics from Florida State University in 1994. He has published more than 150 books and articles, and has received national recognition for his works on entrepreneurship and FEMA reform. He serves on the editorial board for three academic journals, and on the advisory board for four university centers. He has won numerous awards for both his teaching and his research. He regularly teaches courses in both principles of economics and public economics, and gives lectures at economic education outreach programs. He is a Visiting Scholar in Entrepreneurship in the School of Business Administration at The Citadel.

David A. Macpherson is the E.M. Stevens Distinguished Professor of Economics at Trinity University. Previously, he was Director of the Pepper Institute on Aging and Public Policy and the Rod and Hope Brim Eminent Scholar of Economics at Florida State University, where he has received two university-wide awards for teaching excellence. Professor Macpherson is the author of many articles in leading labor economics and industrial relations journals, including the JOURNAL OF LABOR ECONOMICS, JOURNAL OF HUMAN RESOURCES, and INDUSTRIAL AND LABOR RELATIONS REVIEW. He is also coauthor of CONTEMPORARY LABOR ECONOMICS, Ninth Edition, as well as the annual Union Membership and Earnings Data Book: Compilations from the Current Population Survey. His specialty is applied labor economics. His current research interests include pensions, discrimination, labor unions, and the minimum wage. Macpherson received his undergraduate degree and Ph.D. from Pennsylvania State University.

Read More Show Less

Table of Contents

Part 1 The Economic Way of Thinking 1
Chapter 1 The Economic Approach 4
Chapter 2 Some Tools of the Economist 27
Part 2 Markets and Governments 53
Chapter 3 Supply, Demand, and the Market Process 56
Chapter 4 Supply and Demand: Applications and Extensions 86
Chapter 5 The Economic Role of Government 112
Chapter 6 The Economics of Collective Decision Making 130
Part 3 Core Macroeconomics 153
Chapter 7 Taking the Nation's Economic Pulse 156
Chapter 8 Economic Fluctuations, Unemployment, and Inflation 180
Chapter 9 An Introduction to Basic Macroeconomic Markets 200
Chapter 10 Working With Our Basic Aggregate Demand/Aggregate Supply Model 224
Chapter 11 Keynesian Foundations of Modern Macroeconomics 247
Chapter 12 Fiscal Policy 267
Chapter 13 Money and the Banking System 290
Chapter 14 Modern Macroeconomics: Monetary Policy 319
Chapter 15 Stabilization Policy, Output, and Employment 346
Chapter 16 Economic Growth 369
Part 4 International Economics 393
Chapter 17 Gaining from International Trade 397
Chapter 18 International Finance and the Foreign Exchange Market 421
Part 5 Core Microeconomics 445
Chapter 19 Demand and Consumer Choice 448
Chapter 20 Costs and the Supply of Goods 476
Chapter 21 Price Takers and the Competitive Process 502
Chapter 22 Price-Searcher Markets with Low Entry Barriers 525
Chapter 23 Price-Searcher Markets with High Entry Barriers 545
Chapter 24 The Supply of and Demand for Productive Resources 572
Chapter 25 Earnings, Productivity, and the Job Market 592
Chapter 26 Investment, the Capital Market, and the Wealth of Nations 610
Chapter 27 Income Inequality and Poverty 628
Part 6 Beyond the Basics 647
Special Topic 1 Government Spending and Taxation 650
Special Topic 2 The Internet: How Is it Changing the Economy? 661
Special Topic 3 The Economics of Social Security 671
Special Topic 4 The Stock Market: What Does It Do and How Has It Performed? 682
Special Topic 5 The Federal Budget and the National Debt 695
Special Topic 6 Labor Market Policies and the Natural Rate of Unemployment: A Cross-Country Analysis 707
Special Topic 7 The Phillips Curve: Is There a Trade-off Between Inflation and Unemployment? 719
Special Topic 8 The Economics of Health Care 731
Special Topic 9 School Choice: Can It Improve the Quality of Education in America? 743
Special Topic 10 Is Discrimination Responsible for the Earnings Differences Between Men and Women? 751
Special Topic 11 Do Labor Unions Increase the Wages of Workers? 757
Special Topic 12 How Does Government Regulation Affect Your Life? 770
Special Topic 13 Natural Resources and the Future 781
Special Topic 14 Economics and the Environment 792
Appendix A General Business and Economic Indicators 803
Appendix B Answers to Selected Critical Analysis Questions 813
Glossary 837
Credits 848
Index 851
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)