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The economic way of thinking / Paul Heyne, University of Washington, Peter J. Boettke, George Mason University, David L. Prychitko, Northern Michigan University

By: Contributor(s): Material type: TextSeries: Pearson series in economicsPublisher: Boston : Pearson, [2014]Edition: Thirteenth editionDescription: xvii, 438 pages ; 23 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9780132991292
  • 0132991292
Subject(s): DDC classification:
  • 330 23
LOC classification:
  • HB171.5 .H46 2014
Contents:
1. The economic way of thinking -- 2. Efficiency, exchange, and comparative advantage -- 3. Substitutes everywhere: the concept of demand -- 4. Cost and choice: the concept of supply -- 5. Supply and demand: a process of coordination -- 6. Unintended consequences: more applications of supply and demand -- 7. Profit and loss -- 8. Price searching -- 9. Competition and government policy -- 10. Externalities and conflicting rights -- 11. Markets and government -- 12. The distribution of income -- 13. Measuring the overall performance of economic systems -- 14. Money -- 15. Economic performance and real-world politics -- 16. The wealth of nations: globalization and economic growth
Subject: This book explains the basic principles of micro - and macroeconomic analysis and shows a method of reasoning that teaches them how to apply these principles as tools. It offers a method of reasoning to think like an economist through example and application and also shows how not to think, by exposing errors in popular economic reasoning
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Includes index

Includes bibliographical references and index

1. The economic way of thinking -- 2. Efficiency, exchange, and comparative advantage -- 3. Substitutes everywhere: the concept of demand -- 4. Cost and choice: the concept of supply -- 5. Supply and demand: a process of coordination -- 6. Unintended consequences: more applications of supply and demand -- 7. Profit and loss -- 8. Price searching -- 9. Competition and government policy -- 10. Externalities and conflicting rights -- 11. Markets and government -- 12. The distribution of income -- 13. Measuring the overall performance of economic systems -- 14. Money -- 15. Economic performance and real-world politics -- 16. The wealth of nations: globalization and economic growth

This book explains the basic principles of micro - and macroeconomic analysis and shows a method of reasoning that teaches them how to apply these principles as tools. It offers a method of reasoning to think like an economist through example and application and also shows how not to think, by exposing errors in popular economic reasoning

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