9780201704167

Economics: A Tool for Critically Understanding Society

by ; ; ;
  • ISBN13:

    9780201704167

  • ISBN10:

    0201704161

  • Edition: 6th
  • Format: Paperback
  • Copyright: 1/1/2002
  • Publisher: Addison Wesley
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Summary

The Sixth Edition of Economics: A Tool for Critically Understanding Society develops fundamental economic analysis tools in clear, simple, and understandable terms. This one-semester text introduces students to economic theories and ideas and how those theories and ideas have changed over time. The text's overarching goal is to encourage critical thinking and to challenge students to examine preconceived ideas and beliefs. It exposes various and contending schools of economic thought and successfully gives students perspective on the historical changes in the material conditions, economic institutions, and social relations of human society. By providing students with an opportunity to use economic concepts in solving real-world problems, Economics: A Tool for Critically Understanding Society prepares a foundation for future and continued learning.

Table of Contents

Forewordp. xviii
Preface to the Instructorp. xxiii
Preface to the Studentp. xxvi
Economics as a Tool for Critical Thinking in a Changing Global Economyp. 1
Economics as a Social Sciencep. 3
Exploring the Emerging Global Economyp. 17
Thinking Critically: Economic Paradigms and Globalization: What Are Sweatshops For?p. 42
Economic History and the Development of Modern Economic Thoughtp. 49
The Evolution of Economic Systemsp. 50
Property, Adam Smith, and the Division of Laborp. 74
The Rise and Fall of Laissez-Fairep. 86
The Marxian Critique of Capitalismp. 100
Thinking Critically: Technological Innovation, the New Economy, and the Futurep. 114
Microeconomicsp. 121
Scarcity: "You Can't Always Get What You Want"p. 123
The Theory of Marketsp. 136
Perfect Competition and Efficiencyp. 166
Noncompetitive Markets and Inefficiencyp. 198
Resource Markets and the Distribution of Incomep. 226
Corporations and Labor Unionsp. 252
The Economic Role of Governmentp. 276
Thinking Critically: Explorations in Microeconomics-Affirmative Actionp. 308
Macroeconomicsp. 319
Macroeconomics: Issues and Problemsp. 321
Macroeconomic Theory: Classical and Keynesian Modelsp. 346
Fiscal Policy: Government Spending and Taxationp. 384
Financial Markets, Money, and Monetary Policyp. 408
Aggregate Demand and Aggregate Supplyp. 448
Unemployment, Inflation, and Stabilization Policy in a Global Economyp. 469
Thinking Critically: Spend Me to the Moonp. 483
International Economics and Financep. 491
International Trade and Interdependencep. 493
International Financep. 520
The Economics of Developing Nationsp. 548
Economic Systems in Transitionp. 577
Thinking Critically: Globalization in the Twenty-first Centuryp. 601
Glossaryp. 611
Name Indexp. 625
Subject Indexp. 627
Table of Contents provided by Rittenhouse. All Rights Reserved.

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