Common Sense Economics What Everyone Should Know about Wealth and Prosperity

ISBN-10: 0312644892

ISBN-13: 9780312644895

Edition: 2nd 2010 (Revised)

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Description: "Splendid and informed exposition of the basic principles of economics. The economics is sophisticated, the exposition simple, concise, lucid, and free from jargon."'” Milton Friedman, 1976 Nobel Prize Recipient"The authors tell us what everyone should know about economics in language we can all understand. Itrs"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, Federal Reserve Bank of DallasWith 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, 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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Book details

List price: $23.99
Edition: 2nd
Copyright year: 2010
Publisher: St. Martin's Press
Publication date: 8/3/2010
Binding: Hardcover
Pages: 240
Size: 6.00" wide x 8.75" long x 1.00" tall
Weight: 0.946
Language: English

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.

Dwight R. Lee is Ramsey Professor of Economics and Enterprise in the Terry College of Business at the University of Georgia.

Preface
Twelve Key Elements of Economics
Seven Major Sources of Economic Progress
Economic Progress and the Role of Government
Twelve Key Elements of Practical Personal Finance
Acknowledgements
Notes
Glossary
List of Supplemental Units
Suggested Additional Readings
Index
About the Authors
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