TY - BOOK AU - Heyne,Paul T AU - Boettke,Peter J AU - Prychitko,David L TI - The economic way of thinking T2 - The Pearson series in economics SN - 9780132991292 AV - HB171.5 .H46 2014 U1 - 330 23 PY - 2014///] CY - Boston PB - Pearson KW - Economics N1 - 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 N2 - 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 ER -