Economics: Private and Public Choice (Hardcover)

~ (Author), Richard L. Stroup (Author), Russell S. Sobel (Author), David Macpherson (Author)
Key Phrases: market process, high entry barriers, low entry barriers, All Rights Reserved, Cengage Learning, United States (more...)

Editorial Reviews

Product Description

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.

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 the co-author of Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin's Press, 2005), a primer on economics and personal finance. 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 coauthor (with Robert Lawson) of the annual report, Economic Freedom of the World, which provides information on the institutions and policies of 141 countries. This data set, published by a worldwide network of institutes in 79 countries, is widely used by scholars investigating topics ranging from economic growth to peaceful relations among nations. He served as Chief Economist of the Joint Economic Committee of the U.S. Congress during 1999-2000. 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 a past President of the Southern Economic Association and the Association for Private Enterprise Education. His Ph.D. in economics is from the University of Washington.

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 also is 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 150 books and articles, and has received national recognition for his works on Entrepreneurship and FEMA reform. Sobel was the founding Director of the West Virginia University Entrepreneurship Center, and he serves on the advisory boards of four 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 E.M. Stevens Distinguished Professor of Economics 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 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, 9th, 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.

Product Details

• Hardcover: 842 pages
• Publisher: South-Western College Pub; 12 edition (January 14, 2008)
• Language: English
• ISBN-10: 0324580185
• ISBN-13: 978-0324580181
• Product Dimensions: 11 x 8.6 x 1.3 inches
• Shipping Weight: 4.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #164,300 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

14 of 16 people found the following review helpful:

5.0 out of 5 stars Well written and interesting, July 5, 2000

By	James Boyd (Chicago) - See all my reviews

This review is from: Economics: Private and Public Choice (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.

7 of 9 people found the following review helpful:

5.0 out of 5 stars When did textbooks become so interesting?, October 3, 2004

By	Angelique (New York, NY United States) - See all my reviews

This review is from: Economics: Private and Public Choice with Xtra! CD-ROM and InfoTrac College Edition (Economics: Private & Public Choice) (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.

11 of 15 people found the following review helpful:

4.0 out of 5 stars One of the few good books, March 31, 2000

By	Demetris Demetriou (U.S.A) - See all my reviews

This review is from: Economics: Private and Public Choice (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.