Common Sense Economics: What Everyone Should Know About Wealth and Prosperity

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Macmillan, Aug 3, 2010 - Business & Economics - 240 pages
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"The authors tell us what everyone should know about economics in language we can all understand. It's refreshing when four of the best in the profession avoid the all-too-common practice of writing in a code that only other economists can comprehend." ---Robert McTeer, former president of the Federal Reserve Bank of Dallas

With the global economy recovering from a steep recession, those who fail to grasp basic economic principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk falling behind in their professional careers--even their personal lives. Common Sense Economics discusses key principles and uses them to show how to make wise personal and policy choices.

This new edition of a classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini, with reflections on the recent recession and the policy response to it, illuminates our world and what might be done to make it better.

 

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Common Sense Economics: What Everyone Should Know About Wealth and Prosperity

User Review  - Jekabs Bikis - Book Verdict

It is nearly impossible to boil economics down to a few essential statements. Yet Gwartney (economics, Florida State Univ.; Economics: Private and Public Choice), Richard L. Stroup (economics, adjunct ... Read full review

Common sense economics: what everyone should know about wealth and prosperity

User Review  - Not Available - Book Verdict

A useful overview of the conservative perspective on free market capitalism, this book roughly summarizes the equivalent of a college freshman course on micro and macroeconomics. "In a fraction of the ... Read full review

Contents

Seven Major Sources of Economic Progress
41
Economic Progress and the Role of Government
91
Twelve Key Elements of Practical Personal Finance
145
Acknowledgments
191
Notes
193
Glossary
203
List of Supplemental Units
213
Suggested Additional Readings
215
Index
217
About the Authors
225
Copyright

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About the author (2010)

James D. Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida State University and is the director of the Stavros Center for the Advancement of Free Enterprise and Economic Education.

Richard L. Stroup is the author of Eco-Nomics and an adjunct professor of economics at North Carolina State University.

Dwight R. Lee is coauthor of Getting Rich in America and holds the William J. O'Neil Chair of Global Markets and Freedom at Southern Methodist University.

Tawni H. Ferrarini is the Sam M. Cohodas Professor of Economics and the Director of the Center for Economic Education and Entrepreneurship at Northern Michigan University.

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