Common Sense Economics

Common Sense Economics

What Everyone Should Know About Wealth and Prosperity

Book - 2016
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With the global economy recovering from a steep recession, and with that recovery challenging our long-held ideas about what careers and the market can be, learning the basics of economics has never been more essential. Principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk continue to be critically important to the way America's economy functions, and critically important to understand for those hoping tofurther their professional lives - even their personal lives. Common Sense Economics discusses key points and theories, using them to show how any reader can make wiser personal choices and form more informed positions on policy.

Now in its third edition, this fully updated classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini reflects on the recession and the progress that's been made since the crash; it offers insight into political processes and the many ways in which economics informs policy, illuminating our world and what might be done to make it better.

Publisher: New York : St. Martin's Press, 2016.
Edition: Third edition.
ISBN: 9781250106940
125010694X
Branch Call Number: 330 G995
Characteristics: ix, 261 pages : illustrations ; 22 cm

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danielestes
Sep 18, 2014

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. Not exactly a thriller novel. The value here is that the principles discussed affect the lives of everyone everywhere. The laws of economics, similar to the laws of physics, are visible all around us, and to understand them is to understand part of what makes the world turn.

Those familiar with libertarian viewpoints will recognize that much of the book is themed that way. If you happen to disagree with libertarian thinking, and yet are open to challenging your beliefs, then I recommend trying to understand Common Sense Economics through the lens of logic and math and not from the all-too-common vantage point of political ideology.

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