Economics [Hardcover]

John B. Taylor (Author)

Book Description

ISBN-10: 0618640851 | ISBN-13: 978-0618640850 | Publication Date: February 1, 2006 | Edition: 5

Taylor uses a clear, engaging writing style, with well-chosen examples and step-by-step demonstration of abstract concepts and theories. Popular for its coverage of modern policy issues, "Principles of Economics", was the first text to introduce long-run (macro) fundamentals, before exploring short-term economic fluctuations. Taylor's trademark "Conversation boxes" provide students with succinct, step-by-step guidance through particularly difficult concepts. The Fifth Edition re-emphasises the text's modern approach, concise, yet thorough coverage of current economic theories and real world/policy focus.

Editorial Reviews

About the Author

John B. Taylor is the Raymond Professor of Economics at Stanford University. His academic fields of expertise are monetary policy, fiscal policy, and international economics. Taylor received the Hoagland Prize for excellence in undergraduate teaching and the Rhodes Prize for his high teaching ratings in Stanford's introductory economics course. He was founding Director of the innovative Stanford Introductory Economics Center, and has held administrative posts in research such as the Director of the Stanford Institute for Economic Policy Research.For four years from 2001 to 2005, Taylor served as Undersecretary of Treasury for International Affairs. He had operational responsibilities for developing and implementing U.S. international financial policy, including currencies, trade in financial services, foreign investment, international debt and development, and reform of the International Monetary Fund, the World Bank, and the other international financial institutions. He was awarded the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis.After September 11, 2001, Taylor's office took on additional operational responsibilities, including assembling an international coalition to freeze terrorist assets, expediting the economic reconstruction in Afghanistan, creating a new currency and central bank in Iraq, forging an international agreement to reduce Iraq's debt by 80 percent, and creating a new economic engagement with the Broader Middle East and North African countries. He was awarded the Treasury Distinguished Service Award for designing and implementing the financial reconstruction plan in Iraq. He was also awarded the Alexander Hamilton Award for his leadership in international finance. Taylor has worked with the government in a range of economic advisory roles since 1976.Taylor received a B.A. in Economics summa cum laude from Princeton University in 1968 and a Ph.D. in Economics from Stanford University in 1973. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 797 pages
• Publisher: Houghton Mifflin College Div; 5 edition (February 1, 2006)
• Language: English
• ISBN-10: 0618640851
• ISBN-13: 978-0618640850
• Product Dimensions: 10 x 8.8 x 1.3 inches
• Shipping Weight: 4.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #1,278,359 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

5.0 out of 5 stars Very well written book., March 25, 2003

By A Customer

This review is from: Economics (Hardcover)

Fantastic book !!!!
Really a fun to read because it contains so many real-case examples. I graduated in math and read this book just for my personal interest. I wanted a book on economics that explained all the basic stuff, but at a level that was deep enough to challenge me. And this book gave me what I wanted : I started reading it and couldn 't stop until the end.
A reviewer had the remark that there was a lack of mathematics. It is true that really advanced math is avoided, however that does not make the text less rigorous beause all the concepts are cleary explained by using graphs and very basic algebra.
(If this book was about advanced abstract math itself, I would agree that graphs is not a rigorous way to proof things, but this is a book on economics, though, and it goes rather deep for a basic course)
And if you like more math (as I do in fact), you can easily derive the mathematical explanations straight away from the very clearly written text. What is more important however is the fact that this book really learns you how to think like an economist.

I also very much like the editing style, repeated definitions in the left and right marging, a lot of illustrations, a lot of interesting real life case studies, enough space on each page to make your personal annotations... I wish every textbook was like this ...
This book succeeds very well in explaining clearly with enough rigor the basic principles of economics.

thanks.

1 of 1 people found the following review helpful:

5.0 out of 5 stars A Modern View Of Aggregate Demand and AggregateSupply, September 10, 2001

By A Customer

This review is from: Economics (Hardcover)

This is one of the only texts that uses the inflation rate on the vertical axis of the As-Ad diagram. This is a more modern approach to these curves than the standard approach which
places price level on the vertical axis. Professor Taylor explains Economics in a very clear and interesting way.
It's definitely one of the best Principles books on the market.

3 of 4 people found the following review helpful:

5.0 out of 5 stars Great Book, January 27, 1999

By A Customer

This review is from: Economics (Hardcover)

John Taylor is an excellent professor and a spellbinding author. This book makes Economics fun and enjoyable. All college courses should use it if they know what's best!