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Elsevier Science & Technology Books
Macroeconomics: Private and Public Choice / Edition 3

Macroeconomics: Private and Public Choice / Edition 3


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Product Details

ISBN-13: 9780123110718
Publisher: Elsevier Science & Technology Books
Publication date: 01/01/1982
Pages: 498

About 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 a co-author of COMMON SENSE ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT WEALTH AND PROSPERITY (St. Martin's Press, 2016), a primer on economics and personal finance. Dr. 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 co-author (with Robert Lawson and Joshua Hall) of the annual report, Economic Freedom of the World, which provides information on the institutions and policies of 157 countries. This data set, published by a worldwide network of institutes in 80 countries, is widely used by scholars investigating topics ranging from economic growth to peaceful relations among nations. Dr. Gwartney served as Chief Economist of the Joint Economic Committee of the U.S. Congress during 1999-2000. 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. He earned his Ph.D. in economics from the University of Washington.

Richard L. Stroup is Professor Emeritus of economics at Montana State University and Professor Emeritus of economics at North Carolina State University. His Ph.D. is from the University of Washington. From 1982 to 1984 he served as director of the Office of Policy Analysis at the U.S. Department of the Interior. Stroup has published and lectured on topics such as global warming, land use regulation, archaeology, and about needed environmental policy improvements. His research helped to develop the approach known as free market environmentalism. He is a co-author of COMMON SENSE ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT WEALTH AND PROSPERITY (St. Martin's Press, 2016). His book ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT ECONOMICS AND THE ENVIRONMENT (Washington: Cato Institute, 2003) was sponsored by the Property and Environment Research Center, of which he is a co-founder.

Russell S. Sobel earned his Ph.D. in economics from Florida State University in 1994. He has published more than 200 books and articles, and has received national recognition for his works on entrepreneurship and FEMA reform. Dr. Sobel 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. Dr. Sobel is a Professor of Economics and Entrepreneurship at The Citadel.

David A. Macpherson is the E.M. Stevens Distinguished Professor of Economics and Economics Department Chair 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 received two university-wide awards for teaching excellence. His teaching areas include principles of microeconomics, money and banking, econometrics, and labor economics. Dr. Macpherson is an applied economist whose research focuses on real estate, pensions, discrimination, industry deregulation, labor unions, and the minimum wage. He has published more than 60 articles in leading economics and real estate journals, including Review of Economic and Statistics, Journal of Labor Economics, Journal of Human Resources, Industrial and Labor Relations Review, Journal of Real Estate Economics and Finance. His research has been funded by a variety of entities including the National Science Foundation, Florida Legislature, and the National Association of Realtors. He is co-author of the undergraduate labor economics text, CONTEMPORARY LABOR ECONOMICS, 11E as well as the annual UNION MEMBERSHIP AND EARNINGS DATA BOOK: COMPLIATIONS FROM THE CURRENT POPULATION SURVEY. He is included in WHO'S WHO IN ECONOMICS, 4E which includes the 1,200 most frequently cited economists. Dr. Macpherson received his undergraduate degree and Ph.D. from Pennsylvania State University.

Table of Contents

Part I: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach. 2. Some Tools of the Economist. Part II: MARKETS AND GOVERNMENT. 3. Demand, Supply, and the Market Process. 4. Supply and Demand: Applications and Extensions. 5. Difficult Cases for the Market, and the Role of Government. 6. The Economics of Political Action. Part III: CORE MACROECONOMICS. 7. Taking the Nation's Economic Pulse. 8. Economic Fluctuations, Unemployment, and Inflation. 9. An Introduction to Basic Macroeconomic Markets. 10. Dynamic Change, Economic Fluctuations, and the AD--AS Model. 11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics. 12. Fiscal Policy: Incentives, and Secondary Effects. 13. Money and the Banking System. 14. Modern Macroeconomics and Monetary Policy. 15. Stabilization Policy, Output, and Employment. 16. Creating an Environment for Growth and Prosperity. 17. Institutions, Policies, and Cross-Country Differences in Income and Growth. Part IV: INTERNATIONAL ECONOMICS. 18. Gaining from International Trade. 19. International Finance and the Foreign Exchange Market. Part V: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS. Special Topic 1. Government Spending and Taxation. Special Topic 2. The Economics of Social Security. Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity. Special Topic 4. Great Debates in Economics: Keynes versus Hayek. Special Topic 5. The Crisis of 2008: Causes and Lessons for the Future. Special Topic 6. Lessons from the Great Depression. Special Topic 7. The Federal Budget and the National Debt. Appendix A:. General Business and Economics Indicators for the United States. Appendix B: Answers to Selected Critical Analysis Questions.

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