Economics: Principles and Policy, 2004 Update [Hardcover]

William J. Baumol (Author), Alan S. Blinder (Author)

Book Description

ISBN-10: 032420163X | ISBN-13: 978-0324201635 | Publication Date: July 8, 2004 | Edition: 009

This text remains a proven leader in the world of economics. Since introducing the aggregate supply/ aggregate demand model as a fundamental tool for learning economics over two decades ago, in this edition William J. Baumol and Alan S. Blinder continue their long tradition of equipping students with the knowledge and tools they need to apply modern economics to their world. Hallmark features include one of the strongest policy treatments on the market and a careful and in-depth focus on the most important economic tools students should retain after the course is over.

Editorial Reviews

About the Author

William J. Baumol was born February 26, 1922, in an area of New York City that has since come to be known as Fort Apache. He received his BSS at the College of the City of New York in 1942 and his Ph.D. at the University of London in 1949. He is Professor of Economics and Director of the C.V. Starr Center for Applied Economics at New York University and Professor Emeritus at Princeton University. He is a frequent consultant to the management of major firms in a wide variety of industries in the United States and other countries, as well as to a number of governmental agencies. In several fields, including the telecommunications and electric utility industries, current regulatory policy is based on his explicit recommendations. Among his many contributions to economics are research on the theory of the firm, the contestability of markets, the economics of the arts and other services--the "cost disease of the services" is often referred to as "Baumol's disease"--and productivity convergence among nations. In addition to economics, he taught a course in wood sculpture at Princeton for about 20 years. He has been president of the American Economic Association, and three other professional societies. He is an elected member of the National Academy of Sciences, created by the U.S. Congress, and of the American Philosophical Society, founded by Benjamin Franklin. He is also on the board of trustees of the National Council on Economic Education, and of the Theater Development Fund. He is the recipient of nine honorary degrees. Baumol is the author of 30 books and hundreds of journal and newspaper articles, and his writings have been translated into more than a dozen languages.

Product Details

• Hardcover: 816 pages
• Publisher: South-Western College Pub; 009 edition (July 8, 2004)
• Language: English
• ISBN-10: 032420163X
• ISBN-13: 978-0324201635
• Product Dimensions: 11.1 x 8.6 x 1.4 inches
• Shipping Weight: 4.2 pounds
• Average Customer Review: 3.3 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #1,924,720 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

11 of 11 people found the following review helpful:

5.0 out of 5 stars Quintessential good introduction, February 16, 2003

By 

Denis Benchimol Minev "Amazonia" (Manaus, Amazonas, Brazil) - See all my reviews
(VINE VOICE)   

This review is from: Economics: Principles and Policy with Xtra! CD-ROM and InfoTrac College Edition (Hardcover)

I used this book as my first introduction to economics, and even many years after having read it I continue to use it as a source of reference to the most simple concepts of economics. It has the very best simple explanations of economic principles that I have ever seen. It is filled with interesting stories that bring these principles to the real world, showing a novice the potential power of these ideas. This is Economics 101 at its best.

10 of 10 people found the following review helpful:

5.0 out of 5 stars Baumol and Blinder, June 8, 2000

By A Customer

This review is from: Economics Principles and Policy: 1998 Update (Hardcover)

Found the authors to not mince words - got to the point, concise, explained concepts visually and verbally. Excellent text for an undergrad beginning Econ class. Used it as an undergrad and continue to recommend. Updated version refines Micro theory, which was necessary.

6 of 6 people found the following review helpful:

5.0 out of 5 stars full of the economic wisdom, October 22, 2000

By 

UESHI (Japan) - See all my reviews

This review is from: Economics: Principles and Policy (Hardcover)

I am teaching economics and have read the textbooks written by Stiglitz, Mankiw, Samuelson etc.,but I think this is the best.It not only explains the elements of economics in plain words,but also convey lots of incisive insights which we should keep in mind when we tackle economic problems. I found Baumol and Blinder very instructive as well as interesting.