Economics : private and public choice / James D. Gwartney, Richard Stroup, with the assistance of A. H. Studenmund.

Format:

Book

Author/Creator:

Gwartney, James D., author.

Stroup, Richard, author.

Studenmund, A. H., author.

Language:

English

Subjects (All):

Economics.

Physical Description:

1 online resource (936 p.)

Edition:

2nd ed.

Place of Publication:

New York, New York ; London, England : Academic Press, 1980.

Language Note:

English

Summary:

Economics

Contents:

Front Cover; Economics: Private and Public Choice; Copyright Page; Table of Contents; MYTHS OF ECONOMICS; OUTSTANDING ECONOMISTS; PERSPECTIVES IN ECONOMICS; SUGGESTED OUTLINES FOR ONE-SEMESTER COURSES; PREFACE; ACKNOWLEDGMENTS; PART ONE: THE ECONOMIC WAY OF THINKING - AN INTRODUCTION; CHAPTER 1. THE ECONOMIC APPROACH; WHAT IS ECONOMICS ABOUT?; THE ECONOMIC WAY OF THINKING; POSITIVE ECONOMICS; NORMATIVE ECONOMICS; PITFALLS OF POSITIVE ECONOMICS; WHAT DO ECONOMISTS DO?; CHAPTER 2. SOME TOOLS OF THE ECONOMIST; OPPORTUNITY COST IS THE HIGHEST VALUED OPPORTUNITY LOST

THE PRODUCTION POSSIBILITIES CURVETRADE TIPS AND COMPARATIVE ADVANTAGE; THREE ECONOMIZING DECISIONS FACING ALL NATIONS: WHAT, HOW, AND FOR WHOM?; TWO METHODS OF MAKING DECISIONS-THE MARKET AND GOVERNMENT PLANNING; CHAPTER 3. SUPPLY, DEMAND, AND THE MARKET PROCESS; SCARCITY NECESSITATES RATIONING; CONSUMER CHOICE AND THE LAW OF DEMAND; PRODUCER CHOICE AND THE LAW OF SUPPLY; MARKETS AND THE COORDINATION OF SUPPLY AND DEMAND; THE COMMUNICATING, COORDINATING, AND MOTIVATING FUNCTIONS OF THE MARKET; CHAPTER 4. A BIRD'S-EYE VIEW OF THE PUBLIC SECTOR; IDEAL ECONOMIC EFFICIENCY

WHY MIGHT THE INVISIBLE HAND FAIL?GOVERNMENT-A POTENTIAL VEHICLE FOR GAIN; THE MARKET AND THE PUBLIC SECTOR-TWO METHODS OF ECONOMIC ORGANIZATION; CONFLICTS BETWEEN GOOD ECONOMICS AND GOOD POLITICS; CHAPTER 5. TAXES AND GOVERNMENT SPENDING; WHAT DO FEDERAL, STATE, AND LOCAL GOVERNMENTS BUY?; HOW BIG IS GOVERNMENT?; THE GROWTH OF GOVERNMENT; TAXES TO PAY FOR A GROWING GOVERNMENT; POLITICS, TAX INCIDENCE, AND THE STRUCTURE OF TAXES; WHO PAYS THE TAX BILL?; THE TAXES PAID IN OTHER COUNTRIES; TAXES AND POLITICS-A FINAL WORD; PART TWO: MACROECONOMICS; CHAPTER 6. TAKING THE NATION'S ECONOMIC PULSE

THE CONCEPT OF THE GNPTHE CIRCULAR FLOW OF EXPENDITURES AND RESOURCE COSTS; TWO WAYS OF MEASURING GNP; THE EXPENDITURE APPROACH; THE RESOURCE COST-INCOME APPROACH; GROSS NATIONAL PRODUCT OR GROSS NATIONAL COST?; FIVE PROBLEMS WITH GNP AS A MEASURING ROD; WHAT GNP DOES NOT MEASURE; THE GREAT CONTRIBUTION OF GNP; OTHER RELATED INCOME MEASURES; THE REAL INCOME-REAL OUTPUT LINK; CHAPTER 7. UNEMPLOYMENT, INFLATION, AND BUSINESS CYCLES; MICRO- AND MACROECONOMICS; SWINGS IN THE ECONOMIC PENDULUM; THREE DIFFERENT VIEWS OF THE BUSINESS CYCLE; EMPLOYMENT FLUCTUATIONS IN A DYNAMIC ECONOMY

WHAT IS FULL EMPLOYMENT?A CLOSER LOOK AT THE EMPLOYMENT STATISTICS; THE ECONOMICS OF INFLATION; THE COST OF INFLATION; THE ECONOMIC WAY OF THINKING-DISCUSSION QUESTIONS; CHAPTER 8. AGGREGATE EQUILIBRIUM AND A SIMPLE KEYNESIAN MODEL; TOOLS OF THE MODERN KEYNESIAN ANALYSIS; SAVING, INVESTMENT, AND THE CIRCULAR FLOW ANALYSIS; KEYNES AND THE VIEW OF CLASSICAL ECONOMISTS; THE DETERMINANTS OF CONSUMPTION; THE DETERMINANTS OF INVESTMENT; EQUILIBRIUM AND THE KEYNESIAN MODEL; LEAKAGES AND INJECTIONS-ANOTHER WAY OF LOOKING AT EQUILIBRIUM; THE MAJOR MESSAGE OF KEYNES

CHAPTER 9. THE MULTIPLIER, THE ACCELERATOR, AND A KEYNESIAN VIEW OF THE BUSINESS CYCLE

Notes:

Includes index.

Description based on print version record.

ISBN:

1-4832-6443-2