Common Sense Economics
What Everyone Should Know About Wealth and Prosperity
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- $14.99
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- $14.99
Publisher Description
With the global economy recovering from a steep recession, and with that recovery challenging our long-held ideas about what careers and the market can be, learning the basics of economics has never been more essential. Principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk continue to be critically important to the way America's economy functions, and critically important to understand for those hoping to further their professional lives - even their personal lives. Common Sense Economics discusses key points and theories, using them to show how any reader can make wiser personal choices and form more informed positions on policy.
Now in its third edition, this fully updated classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini reflects on the recession and the progress that's been made since the crash; it offers insight into political processes and the many ways in which economics informs policy, illuminating our world and what might be done to make it better.
Customer Reviews
Some good info but also some unneeded opinion without backup info
The parts of the book that are actually about facts of economics is good but the author injects too many opinions about how people behave without actual facts. Specifically, does he really think people track their earnings against taxes so close as to work less if they might go over a certain rate? Ya, nobody is doing that and if someone is then they’re pretty sleazy. Work what you need, do what you need, you still earn more even at higher tax than not working at all even with more effort so, it’s opinion, not fact.