Common Sense Economics: What Everyone Should Know About Wealth and Prosperity
Macmillan, Aug 3, 2010 - Business & Economics - 240 pages
"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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LibraryThing ReviewUser Review - Daniel.Estes - LibraryThing
I'd say a healthy interest in economic math and data tables is a good prerequisite before diving into Common Sense Economics. It's not a long book nor overly wordy. It's just, well, about economics ... Read full review
Common Sense Economics: What Everyone Should Know About Wealth and ProsperityUser 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