A Concise Guide to Economic Principles for Personal and Policy Choices
The authors of this book, James Gwartney, Richard Stroup, Dwight Lee, Tawni Ferrarini, and Joseph Calhoun, are all lifelong economic educators who know how to use the tools of economics to illuminate why both individuals and nations prosper and how they can be more successful. The book is concise, thoughtfully organized, and reader-friendly.
Whether the economy is growing, stagnating, or declining, there are basic economic principles that are always operating, such as gains from trade, opportunity cost, ability of prices to communicate information, the importance of diversification, the power of incentives, and how they create fundamental differences in market and political decisions.
Common Sense Economics is written to provide comprehensive and understandable explanations of key principles that will help everyone make better personal and policy choices. Already a classic, the third edition is fully updated and more relevant than ever for a world starved for sound economics.
Thoughtfully organized to provide a comprehensive understanding of economic principles.
Explains concepts like gains from trade, opportunity cost, and the importance of incentives.
Fully updated and relevant for today's economic landscape.
Detailed explanations of economic principles for better decision-making.
A timeless guide for personal and policy choices in a constantly changing world.
