Basic Economics

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Basic Economics

Basic Economics Pdf/ePub eBook Author: Thomas Sowell
Editor: Basic Books
ISBN: 0465056849
FileSize: 396kb
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Basic Economics by Thomas Sowell Summary

The bestselling citizen's guide to economics Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.

Applied Economics

Applied Economics Pdf/ePub eBook Author: Thomas Sowell
Editor: Basic Books
ISBN: 0786722703
FileSize: 932kb
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Applied Economics by Thomas Sowell Summary

This revised edition of Applied Economics is about fifty percent larger than the first edition. It now includes a chapter on the economics of immigration and new sections of other chapters on such topics as the “creative” financing of home-buying that led to the current “subprime” mortgage crisis, the economics of organ transplants, and the political and economic incentives that lead to money earmarked for highways being diverted to mass transit and to a general neglect of infrastructure. On these and other topics, its examples are drawn from around the world. Much material in the first edition has been updated and supplemented. The revised and enlarged edition of Applied Economics retains the easy readability of the first edition, even for people with no prior knowledge of economics.

Economics in One Lesson

Economics in One Lesson Pdf/ePub eBook Author: Henry Hazlitt
Editor: Currency
ISBN: 0307760626
FileSize: 1489kb
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Economics in One Lesson by Henry Hazlitt Summary

With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.

"Trickle Down Theory" and "Tax Cuts for the Rich"

Author: Thomas Sowell
Editor: Hoover Press
ISBN: 0817916164
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"Trickle Down Theory" and "Tax Cuts for the Rich" by Thomas Sowell Summary

This essay unscrambles gross misconceptions that have made rational debates about tax policies virtually impossible for decades.

The Ethics and Economics of the Basic Income Guarantee

The Ethics and Economics of the Basic Income Guarantee Pdf/ePub eBook Author: Karl Widerquist,Michael Anthony Lewis
Editor: Routledge
ISBN: 1351890530
FileSize: 567kb
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The Ethics and Economics of the Basic Income Guarantee by Karl Widerquist,Michael Anthony Lewis Summary

Governments in the US, the UK and other nations around the world routinely consider and, in some cases, experiment with reforms of their income support systems. The basic income guarantee, a universal unconditional income grant, has received increasing attention from scholars as an alternative to the kinds of reforms that have been implemented. This book explores the political, sociological, economic, and philosophical issues of the basic income guarantee. Tracing the history of the idea, from its origins in the late eighteenth century through its political vogue in the 1970s, when the Family Assistance Plan narrowly missed passage in the US Congress, it also examines the philosophical debate over the issue. The book is designed to foster a climate of ideas amongst those specifically interested in the income support policies and more widely for those concerned with public, welfare and labour economics. Its coverage will enable readers to obtain an in depth grounding in the topic, regardless of their position in the debate.

Basic Mathematics for Economics, Business and Finance

Basic Mathematics for Economics, Business and Finance Pdf/ePub eBook Author: EK Ummer
Editor: Routledge
ISBN: 113672835X
FileSize: 1873kb
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Basic Mathematics for Economics, Business and Finance by EK Ummer Summary

This book can help overcome the widely observed math-phobia and math-aversion among undergraduate students in these subjects. The book can also help them understand why they have to learn different mathematical techniques, how they can be applied, and how they will equip the students in their further studies. The book provides a thorough but lucid exposition of most of the mathematical techniques applied in the fields of economics, business and finance. The book deals with topics right from high school mathematics to relatively advanced areas of integral calculus covering in the middle the topics of linear algebra; differential calculus; classical optimization; linear and nonlinear programming; and game theory. Though the book directly caters to the needs of undergraduate students in economics, business and finance, graduate students in these subjects will also definitely find the book an invaluable tool as a supplementary reading. The website of the book – ww.emeacollege.ac.in/bmebf – provides supplementary materials and further readings on chapters on difference equation, differential equations, elements of Mathematica®, and graphics in Mathematica®, . It also provides materials on the applications of Mathematica®, as well as teacher and student manuals.

Economic Facts and Fallacies

Economic Facts and Fallacies Pdf/ePub eBook Author: Thomas Sowell
Editor: Basic Books
ISBN: 0465026303
FileSize: 1572kb
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Economic Facts and Fallacies by Thomas Sowell Summary

Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.

The Basic Economic System of China

The Basic Economic System of China Pdf/ePub eBook Author: Changhong Pei,Chunxue Yang,Xinming Yang
Editor: Springer
ISBN: 9811368953
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The Basic Economic System of China by Changhong Pei,Chunxue Yang,Xinming Yang Summary

This book uses facts and data to prove that socialist public sectors are still in a predominant position in China. Based on previous research and studies, a set of methods for measuring the structure of public or non-public owned economy is offered in this book. As is remarked by the authors, China’s basic economic system, namely the system with the public sector remaining dominant and diverse sectors of the economy developing side by side, represents an efficient approach towards mutual benefit, common prosperity and peaceful co-existence.

Common Sense Economics

Common Sense Economics Pdf/ePub eBook Author: James D. Gwartney
Editor: St. Martin\'s Press
ISBN: 1250106958
FileSize: 981kb
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Common Sense Economics by James D. Gwartney Summary

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 to further 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.

Seinfeld and Economics

Seinfeld and Economics Pdf/ePub eBook Author: Linda S. Ghent,Alan P. Grant
Editor: Routledge
ISBN: 1000178811
FileSize: 1838kb
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Seinfeld and Economics by Linda S. Ghent,Alan P. Grant Summary

As the most successful sitcom of all time, the television series Seinfeld provides a rich environment for learning basic economic principles. Chronicling the lives of four close friends—Jerry, George, Elaine, and Kramer—the show highlights human behavior at its best and its worst. The major characters paint themselves as some of the most self-interested individuals in all of popular culture, and are faced with dilemmas that force them to make decisions. Those decisions are at the heart of economics. Each chapter in this book explores one or more key economic concepts and relates them to key scenes from the show. These principles are then applied to other real-world situations, arming readers with the tools needed to make better economic decisions. Written in a light-hearted and conversational style, this book is a must-read for fans of Seinfeld and anyone who wants to learn something from "the show about nothing." It is an ideal supplement for all economics classes.

Poor Economics

Poor Economics Pdf/ePub eBook Author: Abhijit Banerjee,Esther Duflo
Editor: PublicAffairs
ISBN: 1610391608
FileSize: 1995kb
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Poor Economics by Abhijit Banerjee,Esther Duflo Summary

The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

Principles

Principles Pdf/ePub eBook Author: Ray Dalio
Editor: Simon and Schuster
ISBN: 1501124056
FileSize: 1524kb
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Principles by Ray Dalio Summary

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

The Quest for Cosmic Justice

The Quest for Cosmic Justice Pdf/ePub eBook Author: Thomas Sowell
Editor: Simon and Schuster
ISBN: 0743215079
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The Quest for Cosmic Justice by Thomas Sowell Summary

This book is about the great moral issues underlying many of the headline-making political controversies of our times. It is not a comforting book but a book about disturbing and dangerous trends. The Quest for Cosmic Justice shows how confused conceptions of justice end up promoting injustice, how confused conceptions of equality end up promoting inequality, and how the tyranny of social visions prevents many people from confronting the actual consequences of their own beliefs and policies. Those consequences include the steady and dangerous erosion of fundamental principles of freedom -- amounting to a quiet repeal of the American revolution. The Quest for Cosmic Justice is the summation of a lifetime of study and thought about where we as a society are headed -- and why we need to change course before we do irretrievable damage.

Fundamentals of Power System Economics

Fundamentals of Power System Economics Pdf/ePub eBook Author: Daniel S. Kirschen,Goran Strbac
Editor: John Wiley & Sons
ISBN: 1119213258
FileSize: 1881kb
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Fundamentals of Power System Economics by Daniel S. Kirschen,Goran Strbac Summary

A new edition of the classic text explaining the fundamentals of competitive electricity markets—now updated to reflect the evolution of these markets and the large scale deployment of generation from renewable energy sources The introduction of competition in the generation and retail of electricity has changed the ways in which power systems function. The design and operation of successful competitive electricity markets requires a sound understanding of both power systems engineering and underlying economic principles of a competitive market. This extensively revised and updated edition of the classic text on power system economics explains the basic economic principles underpinning the design, operation, and planning of modern power systems in a competitive environment. It also discusses the economics of renewable energy sources in electricity markets, the provision of incentives, and the cost of integrating renewables in the grid. Fundamentals of Power System Economics, Second Edition looks at the fundamental concepts of microeconomics, organization, and operation of electricity markets, market participants’ strategies, operational reliability and ancillary services, network congestion and related LMP and transmission rights, transmission investment, and generation investment. It also expands the chapter on generation investments—discussing capacity mechanisms in more detail and the need for capacity markets aimed at ensuring that enough generation capacity is available when renewable energy sources are not producing due to lack of wind or sun. Retains the highly praised first edition’s focus and philosophy on the principles of competitive electricity markets and application of basic economics to power system operating and planning Includes an expanded chapter on power system operation that addresses the challenges stemming from the integration of renewable energy sources Addresses the need for additional flexibility and its provision by conventional generation, demand response, and energy storage Discusses the effects of the increased uncertainty on system operation Broadens its coverage of transmission investment and generation investment Updates end-of-chapter problems and accompanying solutions manual Fundamentals of Power System Economics, Second Edition is essential reading for graduate and undergraduate students, professors, practicing engineers, as well as all others who want to understand how economics and power system engineering interact.

Basic Economics for Conservative Democrats

Basic Economics for Conservative Democrats Pdf/ePub eBook Author: Lyndon LaRouche
Editor: Executive Intelligence Review
ISBN:
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Basic Economics for Conservative Democrats by Lyndon LaRouche Summary

As I spell the point out in the main text of this book, a sound national economic policy in the tradition of Alexander Hamilton enables us to simultaneously increase profits and wages. This can be accomplished in only one way. It is accom­plished by transforming scientific and technological advances into what Hamilton termed “artificial labor,” machines which use sources of energy above and beyond the energy of the human musculature. In the overall life of our nation—or any nation, for that matter—neither business nor labor can prosper without a policy of promoting technological progress through the means of improved investment in productive capital. . . . . Once business and labor recognize that they both have the same overall, fundamental national economic-policy interest in common, that understand­ing establishes a mass electoral basis of support for the kinds of policies which business, farmers, and labor as a whole rightly demand.

Basic Economics

Basic Economics Pdf/ePub eBook Author: Frank Mastrianna
Editor: Nelson Education
ISBN: 1285414691
FileSize: 987kb
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Basic Economics by Frank Mastrianna Summary

Mastering the study of economics has never been easier. BASIC ECONOMICS introduces you to the fundamentals of macro- and microeconomics, while addressing some of the most stimulating topics affecting the world today. BASIC ECONOMICS covers timely issues like monetary policy, monopolies, and the labor market, as well as the recent financial market collapse and housing crises. This streamlined and straightforward text can also be packaged with Coursemate, an online interactive learning tool that contains quizzes, videos, graphing tutorials, news, debates and data all in one place geared to help you succeed in your course! Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Basic Economics

Basic Economics Pdf/ePub eBook Author: IntroBooks Team
Editor: IntroBooks
ISBN:
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Basic Economics by IntroBooks Team Summary

Economics is an important branch of studies that deal with the rules, principles, and laws governing the economy of a nation and different parts of the world. Economics is the study and an analysis of how individuals, businesses and populations use money or other resources in order to produce wealth. It is important to understand the concepts and basic of economics for state, federal and local government and even for companies that are affected by them. Business professionals and economics professionals must know the exact working of economics to be able to advise companies and clients in businesses and the students in an academic setting. Economic growth may be defined as an increase in economy capacity to manufacture goods and services within a given period of time. In simple terms, economic growth suggests any long term expansion of growth and productive potential of an economy and its ability to satisfy the demands and wants of the natives. Sustained economic growth has a great impact on the nation’s national income and also on the level of employment.