The Economics of Public Issues: Roger Leroy Miller, Daniel K. Benjamin, Douglass C. North

by Miller, Roger Leroy; Benjamin, Daniel K.; North, Douglass Cecil

• ISBN13: 9780321079152
• ISBN10: 0321079159
• Edition: 12th
• Format: Paperback
• Copyright: 2000-08-01
• Publisher: Pearson College Div

Summary

For years, The Economics of Public Issues has shown students the power of economics in explaining the world around us. The twelfth edition continues the tradition of illustrating traditional economic principles through contemporary issues by offering eight all-new chapters on compelling topics such as the economics of traffic jams, slave redemption in Sudan, and the Microsoft monopoly. The authors' clear presentation and straightforward applications make the study of economics entertaining and informative. The Economics of Public Issues is an essential source of engaging, relevant readings for a principles of economics course, and an excellent way to spark independent thinking in political economy, public policy, and social issues courses.

Table of Contents

Preface	vii
Part One The Foundations of Economic Analysis	1	(26)
Killer Airbags	4	(5)
Terrible Trade-Off	9	(6)
Flying the Friendly Skies?	15	(6)
Choosing Crime	21	(6)
Part Two Supply and Demand	27	(40)
Sex, Booze, and Drugs	30	(8)
Is Water Different?	38	(6)
Slave Redemption in Sudan	44	(5)
Choice and Life	49	(8)
Smoking and Smuggling	57	(5)
Tired, Poor, Huddled Masses	62	(5)
Part Three Nonprice Rationing	67	(24)
Bankrupt Landlords from Sea to Shining Sea	70	(6)
Rationing Health Care	76	(6)
The Effects of the Minimum Wage	82	(4)
Caught in Traffic	86	(5)
Part Four Market Structures	91	(28)
The E-Commerce Explosion	95	(5)
Pity the Poor Monopolist	100	(5)
Keeping the Competition Out	105	(6)
Education and Choice	111	(8)
Part Five Political Economy	119	(26)
Killer Cars and the Rise of the SUV	122	(5)
Superfund Follies	127	(5)
Crime and Punishment	132	(6)
The Graying of America	138	(7)
Part Six Property Rights and the Environment	145	(44)
The Trashman Cometh	149	(8)
Bye, Bye, Bison	157	(8)
Smog Merchants	165	(6)
Greenhouse Economics	171	(6)
The Economics of Weather Forecasting	177	(5)
Property Rights and Forests	182	(7)
Part Seven The International Scene	189	(18)
The Benefits of Free Trade	191	(5)
The Opposition to Free Trade	196	(5)
The $750,000 Job	201	(6)
Glossary	207	(6)
Index	213