ECONOMICS PRIVATE AND PUBLIC CHOICE J.GWARTNEY,R.STROUP,R.SOBEL,D.MACPHERSON Księgarnia

Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made Economics: Private and Public Choice one of South Western most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an effort to make the basic concepts of economics come alive for the reader.

James Gwartney is Professor of Economics in the DeVoe Moore Center for the Study of Critical Issues in Economic Policy at Florida State University. Professor Gwartney, who received his doctoral degree from the University of Washington, served as Chief Economist of the Joint Economic Committee of the U.S. Congress from 1999 to 2000. He is the author of numerous books and articles, including Economic Freedom of the World and What Everyone Should Know about Economics and Prosperity - a book that has been translated into 14 languages. His writing has appeared in the Wall Street Journal, New York Times, and Investor's Business Daily, among many others.

Richard Stroup is Professor of Economics at Montana State University, and Senior Associate at the Political Economy Research Center. With a Ph.D. in economics from the University of Washington, Professor Stroup has served as Director of the Office of Policy Analysis at the Department of the Interior and has been published widely in professional journals. He is a contributing editor of numerous books on the economics of resources and the environment, and has lectured throughout the United States and abroad to professional and general audiences.

Russell Sobel is an Associate Professor of Economics at West Virginia University. Receiving his Ph.D. in economics from Florida State University in 1994, Professor Sobel regularly teaches courses in both principles of economics and public economics. His enthusiastic teaching style has earned him many university teaching awards, and he regularly gives lectures at economic education outreach programs on basic economic principles. Professor Sobel's research focuses on the economic effects of state and local tax policy specifically, and on political behavior in general.

David Macpherson is a new addition to the authorship team. The Abba Lerner Professor of Economics at Florida State University, he has received two university-wide awards for teaching excellence. Professor Macpherson is also the author of many articles in leading labor economics and industrial relations journals - including the Journal of Labor Economics, Journal of Human Resources, and Industrial and Labor Relations Review. His current research interests include pensions, discrimination, labor unions, and the minimum wage. Professor Macpherson received his undergraduate degree and Ph.D. from Pennsylvania State University.

Brief Contents

Part 1: The Economic Way of Thinking

Chapter 1 The Economic Approach Chapter 2 Some Tools of the Economist

Part 2: Markets and Governments

Chapter 3 Supply, Demand, and the Market Process Chapter 4 Supply and Demand: Applications and Extensions Chapter 5 The Economic Role of Government Chapter 6 The Economics of Collective Decision Making

Part 3: Core Macroeconomics

Chapter 7 Taking the Nation's Economic Pulse Chapter 8 Economic Fluctuations, Unemployment, and Inflation Chapter 9 An Introduction to Basic Macroeconomic Markets Chapter 10 Working With Our Basic Aggregate Demand/Aggregate Supply Model Chapter 11 Keynesian Foundations of Modern Macroeconomics Chapter 12 Fiscal Policy Chapter 13 Money and the Banking System Chapter 14 Modern Macroeconomics: Monetary Policy Chapter 15 Stabilization Policy, Output, and Employment Chapter 16 Economic Growth

Part 4: International Economics

Chapter 17 Gaining from International Trade Chapter 18 International Finance and the Foreign Exchange Market

Part 5: Core Microeconomics

Chapter 19 Demand and Consumer Choice Chapter 20 Costs and the Supply of Goods Chapter 21 Price Takers and the Competitive Process Chapter 22 Price-Searcher Markets with Low Entry Barriers Chapter 23 Price-Searcher Markets with High Entry Barriers Chapter 24 The Supply of and Demand for Productive Resources Chapter 25 Earnings, Productivity, and the Job Market Chapter 26 Investment, the Capital Market, and the Wealth of Nations Chapter 27 Income Inequality and Poverty

Part 6: Beyond the Basics

Special Topic 1: Government Spending and Taxation

Special Topic 2: The Internet: How Is it Changing the Economy?

Special Topic 3: The Economics of Social Security

Special Topic 4: The Stock Market: What Does It Do and How, The Stock Market: What Does It Do and How Has It Performed?

Special Topic 5: The Federal Budget and the National Debt

Special Topic 6: Labor Market Policies and the Natural Rate of Unemployment: A Cross-Country Analysis

Special Topic 7: The Phillips Curve: Is There a Trade-off Between Inflation and Unemployment?

Special Topic 8: The Economics of Health Care

Special Topic 9: School Choice: Can It Improve the Quality of Education in America?

Special Topic 10: Is Discrimination Responsible for the Earnings Differences Between Men and Women?

Special Topic 11: Do Labor Unions Increase the Wages of Workers?

Special Topic 12: How Does Government Regulation Affect Your Life?

Special Topic 13: Natural Resources and the Future

Special Topic 14: Economics and the Environment

Appendix A General Business and Economic Indicators

Appendix B Answers to Selected Critical Analysis Questions

Glossary

Credits

Index

870 pages

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