Microeconomics: Public and Private Choice

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Cengage Learning, Jan 16, 2008 - Business & Economics - 544 pages
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ECONOMICS: PRIVATE AND PUBLIC CHOICE, long considered one of the most accessible principles books on the market, the 12th edition of, has been updated to include even more engaging elements that stimulate interest and learning by making economics come alive. This edition's updates emphasize the role of long-run growth in a nation's economic prosperity. Now available in a micro-first version (0324691068), as well as the traditional macro-first version, the new edition reflects current market conditions, helping students apply principles to the world around them. You'll find analysis and explanation of measures of economic activity applied to today's market, plus text highlighting the lives and contributions of notable economists. Common economic myths are dispelled, and the invisible hand metaphor is applied to economic theory, demonstrating how it works to stimulate the economy. This 12th edition includes new technology features such a robust set of online multimedia learning tools designed to support your classroom work; all updated Aplia textbook-correlated real-time interactive tutorials, online experiments, news analyses, and auto-graded problem sets, designed to increase student performance; a dynamic, graphic and interactive PowerPoint presentation considered by many to be the best in the principles market designed to enhance your teaching and facilitate learning.
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About the author (2008)

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. Gwartney's 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. Gwartney earned his Ph.D. in economics from the University of Washington.

Richard L. Stroup is Professor of Economics Emeritus at Montana State University, as well as Senior Fellow at the Property and Environment Research Center (PERC) and 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 the 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 ECONOMICS: 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 earned his Ph.D. in economics from Florida State University in 1994. He has published more than 150 books and articles, and has received national recognition for his works on entrepreneurship and FEMA reform. He serves on the editorial board for three academic journals, and on the advisory board for four university centers. He has won numerous awards for both his teaching and his research. He regularly teaches courses in both principles of economics and public economics, and gives lectures at economic education outreach programs. He is a Visiting Scholar in Entrepreneurship in the School of Business Administration at The Citadel.

David A. Macpherson is E. M. Stevens Professor of Economics at Trinity University, San Antonio.

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