- Series: ECONOMICS
- Hardcover: 800 pages
- Publisher: McGraw-Hill/Irwin; 18 edition (July 27, 2004)
- Language: English
- ISBN-10: 0072872055
- ISBN-13: 978-0072872057
- Product Dimensions: 8.3 x 1.5 x 9.9 inches
- Shipping Weight: 3.4 pounds (View shipping rates and policies)
- Average Customer Review: 10 customer reviews
- Amazon Best Sellers Rank: #1,134,458 in Books (See Top 100 in Books)
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Economics 18th Edition
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However, Samuelson's economics tended toward leftist principles blessing governmental interventions. Apparently, Nirdhaus is of similar bent.
I use Thomas Sowell's books on Economics, with his more conservative outlook, to help me maintain a balance. "Pure" Capitalism has problems and tends to generate monopolies. However, "Pure" Socialism generally puts political policies ahead of pragmatism and distorts the mechanisms of the market to the point where we no longer have "free" markets.
If we put politics aside, this book is an excellent teaching tool for elementary or introductory college courses in economics.