ECONOMICS: PRIVATE AND PUBLIC CHOICE includes many more engaging elements--such as scenes from popular movies and applications of economic theory to real-world issues--to help you see how these theories apply to the world around you. Each chapter has been updated to reflect today's market, including analysis and explanation of measures of current economic activity. You'll also find highlights of the lives of notable economists and how they contributed to the thinking that shapes our markets today. Common economic myths are dispelled, and the "invisible hand" metaphor is applied to economic theory, demonstrating how it's working even today to stimulate the economy. This 12th edition includes new technology features such as a robust set of online multimedia learning tools, including video clips and free quizzes designed to support your classroom work; a completely updated Aplia interactive learning system with practice problems, interactive tutorials, online experiences, and more.
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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. He served as Chief Economist of the Joint Economic Committee of the U.S. Congress during 1999-2000. His most recent publication, Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin’s Press, 2005) is a primer on economics and personal finance designed for the interested lay person. His publications have appeared in both professional journals and popular media such as the Wall Street Journal and the New York Times. His Ph.D. in economics is from the University of Washington. His 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 senior researcher responsible for the preparation of the annual report, Economic Freedom of the World, which provides information on the institutions and policies of 130 countries. This data set, published by a worldwide network of institutes in 70 countries, is widely used by scholars investigating topics ranging from economic growth to peaceful relations among nations. Gwartney was invited by the incoming Putin Administration in March 2000 to make presentations and have discussions with leading Russian economists concerning the future of the Russian economy. 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 the President-elect of the Southern Economic Association.
Richard L. Stroup is Professor of Economics Emeritus at Montana State University, as well as a Senior Fellow at the Property and Environment Research Center (PERC) and a Visiting Professor in Economics at North Carolina State University. For the three years before his retirement from Montana State University, he served as head of its Department of Agricultural Economics & Economics. Professor Stroup, who has a Ph.D. in economics from the University of Washington, was one of the originators of the “New Resource Economics,” the academic approach popularly known as free market environmentalism. He also served as director of the Office of Policy Analysis in the U.S. Department of the Interior and has been published widely in professional journals and popular publications. He is author or contributing editor of numerous books on the economics of resources and the environment and the author of Eco-nomics: What Everyone Should Know About Economics and the Environment (Cato Institute). Most recently he co-authored Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin’s Press, 2005) with James Gwartney and Dwight Lee. Stroup has lectured throughout the United States and abroad to professional and general audiences. He held the Hayek Chair in Economics at the University of Graz in Austria, in the fall of 2005. He is a member of the Mont Pelerin Society and an adjunct scholar with the Cato Institute.
Russell S. Sobel is Professor of Economics and holder of the James Clark Coffman Distinguished Chair in Entrepreneurial Studies at West Virginia University. He received his Ph.D. in economics from Florida State University in 1994. He has published over 75 books and articles, and has received national recognition for his work on FEMA reform. Sobel was the founding Director of the West Virginia University Entrepreneurship Center, and he serves on the advisory boards of five major professional and academic organizations. He has received numerous awards for both his teaching and research. He regularly teaches courses in both principles of economics and public economics, and gives lectures at economic education outreach programs.
David A. Macpherson is the 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 has received two university-wide awards for teaching excellence. Professor Macpherson is the author of many articles in leading labor economics and industrial relations journals, including the Journal of Labor Economics, Journal of Human Resources, and Industrial and Labor Relations Review. He is also coauthor of Contemporary Labor Economics, 8th, as well as the annual Union Membership and Earnings Data Book: Compilations from the Current Population Survey. His specialty is applied labor economics. His current research interests include pensions, discrimination, labor unions, and the minimum wage. He received his undergraduate degree and Ph.D. from the Pennsylvania State University. --This text refers to an out of print or unavailable edition of this title.
Richard L. Stroup is Professor of Economics Emeritus at Montana State University, as well as a Senior Fellow at the Property and Environment Research Center (PERC) and a Visiting Professor in Economics at North Carolina State University. For the three years before his retirement from Montana State University, he served as head of its Department of Agricultural Economics & Economics. Professor Stroup, who has a Ph.D. in economics from the University of Washington, was one of the originators of the “New Resource Economics,” the academic approach popularly known as free market environmentalism. He also served as director of the Office of Policy Analysis in the U.S. Department of the Interior and has been published widely in professional journals and popular publications. He is author or contributing editor of numerous books on the economics of resources and the environment and the author of Eco-nomics: What Everyone Should Know About Economics and the Environment (Cato Institute). Most recently he co-authored Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin’s Press, 2005) with James Gwartney and Dwight Lee. Stroup has lectured throughout the United States and abroad to professional and general audiences. He held the Hayek Chair in Economics at the University of Graz in Austria, in the fall of 2005. He is a member of the Mont Pelerin Society and an adjunct scholar with the Cato Institute.
Russell S. Sobel is Professor of Economics and holder of the James Clark Coffman Distinguished Chair in Entrepreneurial Studies at West Virginia University. He received his Ph.D. in economics from Florida State University in 1994. He has published over 75 books and articles, and has received national recognition for his work on FEMA reform. Sobel was the founding Director of the West Virginia University Entrepreneurship Center, and he serves on the advisory boards of five major professional and academic organizations. He has received numerous awards for both his teaching and research. He regularly teaches courses in both principles of economics and public economics, and gives lectures at economic education outreach programs.
David A. Macpherson is the 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 has received two university-wide awards for teaching excellence. Professor Macpherson is the author of many articles in leading labor economics and industrial relations journals, including the Journal of Labor Economics, Journal of Human Resources, and Industrial and Labor Relations Review. He is also coauthor of Contemporary Labor Economics, 8th, as well as the annual Union Membership and Earnings Data Book: Compilations from the Current Population Survey. His specialty is applied labor economics. His current research interests include pensions, discrimination, labor unions, and the minimum wage. He received his undergraduate degree and Ph.D. from the Pennsylvania State University. --This text refers to an out of print or unavailable edition of this title.
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17 of 19 people found the following review helpful
Format:Hardcover
If you are interested in economics, you should add this book to your personal library.
This book is very well written (almost lively). It covers macro, micro and international economics in a very interesting way. A very good introductory economics book that will also refresh even the advanced readers.
10 of 12 people found the following review helpful
Format:Hardcover
I concur with the other reviewers...this is one textbook that is worth every dollar. The authors use color and layout so well in their instruction...a wonderful feature since economics, even with all its fancy graphs, can be very boring. The text is even engaging. It's a bookshelf staple for anyone who is interested in economics, student or not.
13 of 17 people found the following review helpful
Format:Hardcover
This is absolutely a good book not only for beginners, but for advanced readers as well. The book does a good job giving a general idea of the economic forces introducing the reader to a variety of subjects with detailed explanations. Some of the ideas are repetitive through the book, however. I found the applications at the end of the book very helpfull - something other books dont have.
Most Recent Customer Reviews
Biased opinions
I only purchased this book for class. I was pleased to find that the book was easy to follow and helpful overall. Read more
Published 8 months ago by economics student
Very similar to 13th Edition, at a fraction of the price.
I needed this book for my macroeconomics class this semester, but did not want to pay the full price for a new copy of the latest edition. Read more
Published 15 months ago by Jacob Chapman
Good textbook for use in a college course
Book is very helpful with breaking down concepts and showing graphs. The problems at the end of the chapters are helpful as well. Read more
Published on March 30, 2010 by Hopeful
great buy
I got the book quick and it was in great condition, and for about 1/8 the price of a new one.
Published on July 8, 2008 by R. Branscum
great book
I needed this book for a summer course I'm taking. I saved $94 off the bookstore price.
Published on May 5, 2008 by A. Martin
Teaches basic economics
If you have time and want to learn macro and micro economics fundamentals and how it can applied in a practical setting, then is the book for you. Read more
Published on February 2, 2007 by Vijai P. Atavane
Well in time
Product was well packaged and delivered in time. Will do business again.
Published on October 4, 2005 by NARASIMHAN NARAYANAN
Economics primer with a right-wing bias
As others have written, this text is reasonably well-written and organized. However, it has a clear bias, presenting and defending a right-wing agenda. Read more
Published on July 7, 2004 by "rmk2112"
Very well written
This book will make you love economics. It covers both microeconomics and macroeconomics. It also explains how monetary policy and fiscal policy affects the economy. Read more
Published on April 7, 2003 by Gaurab Hazarika
it makes you LOVE economics
This is the book that makes you really love economics. includes macro and micro economics. clear, interesting, illustrated with perfect examples. you will love it. Read more
Published on December 29, 2002 by "strength25"
Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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market process, high entry barriers, low entry barriers, economic fluctuations, school choice, health economics, demand for union labor, potential deposit expansion multiplier, poverty threshold income level, price searchers, lower resource prices, shortsightedness effect, other resource prices, inflationary premium, freest group, loanable funds market, production possibilities curve outward, higher resource prices, planned aggregate expenditures, implicit marginal tax rate, denotes questions, invisible hand principle, current aggregate demand, ideal economic efficiency, economic freedom rating Key Phrases - Capitalized Phrases (CAPs): (learn more)
All Rights Reserved, Cengage Learning, United States, Social Security, Core Macroeconomics, Core Microeconomics, Special Topics, Applying the Basics, New York, Federal Reserve, United Kingdom, Great Depression, World War, Hong Kong, Year Source, World Development Indicators, Economic Report of the President, Economic Freedom of the World, Thumbnail Sketch, International Economics, Journal of Economic Perspectives, American Economic Review, New Zealand, World Bank, The Economic Way of Thinking Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
market process, high entry barriers, low entry barriers, economic fluctuations, school choice, health economics, demand for union labor, potential deposit expansion multiplier, poverty threshold income level, price searchers, lower resource prices, shortsightedness effect, other resource prices, inflationary premium, freest group, loanable funds market, production possibilities curve outward, higher resource prices, planned aggregate expenditures, implicit marginal tax rate, denotes questions, invisible hand principle, current aggregate demand, ideal economic efficiency, economic freedom rating Key Phrases - Capitalized Phrases (CAPs): (learn more)
All Rights Reserved, Cengage Learning, United States, Social Security, Core Macroeconomics, Core Microeconomics, Special Topics, Applying the Basics, New York, Federal Reserve, United Kingdom, Great Depression, World War, Hong Kong, Year Source, World Development Indicators, Economic Report of the President, Economic Freedom of the World, Thumbnail Sketch, International Economics, Journal of Economic Perspectives, American Economic Review, New Zealand, World Bank, The Economic Way of Thinking Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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