Economics for Everyone Seventh Edition contains the most recent economic data available from the federal government and presents this information in easy to understand terms. The book also examines the evolution of economic thought and the historical events that have affected the economic growth of the world's industrialized countries. The major theories of micro and macroeconomics are discussed, but the primary emphasis is how these theories were developed and taught by those economists who invented them in the first place. The main purpose of the book is to see economics as a reflection of the world in which specific economic ideas have developed over time. Or to paraphrase Winston Churchill: If we disregard history we are bound to repeat it.
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About the Author
Richard E. Carmichael, Ph.D. is currently a professor in the adult business program at Gardner-Webb University. He previously served as the Alex Lee Professor of Business at Lenoir-Rhyne College and as a faculty member at the Johns Hopkins Graduate School of Business. In addition, he has over twenty five years of experience in business and the federal government. He has held executive positions with three major money market banks. He also has over ten years experience as a senior manager with the U.S. Bankruptcy Court and the U.S. Small Business Administration. He has a BS in Economics a MBA in Finance and a Ph.D. in Business Administration.