Heyne, Paul T

The economic way of thinking / Paul Heyne, University of Washington, Peter J. Boettke, George Mason University, David L. Prychitko, Northern Michigan University - Thirteenth edition - xvii, 438 pages ; 23 cm - The Pearson series in economics . - Pearson series in economics .

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

9780132991292 0132991292

2013006767


Economics

HB171.5 / .H46 2014

330