Economic Logic, Fifth Edition
Published on 31. October 2017
700 pages
978-1-62157-771-3 (ISBN)
Description
In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised fifth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.
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Mark Skousen
Economic Logic, Fifth Edition
Book
11/2017
Regnery Publishing Inc
€97.98
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Person
Mark Skousen
Content
- Intro
- Title Page
- Copyright
- Dedication
- Contents
- Acknowledgements
- Part I: Overview
- Introduction
- 1. What Is Economics?
- 2. The Fundamentals of Economic Behavior
- 3. Production, Exchange and Consumption: The Structure of Economic Activity
- Part II: Microeconomics
- 4. The Theory of the Firm: The Role of Profit and Loss
- 5. Determining Prices and Output: The Law of Demand
- 6. Supply and Demand
- 7. How Costs Affect Prices
- 8. Monopoly and Competition
- 9. The Factors of Production: Land, Rent and Natural Resources
- 10. The Factors of Production: Wages, Employment and the Productivity of Labor
- 11. The Factors of Production: Capital and Interest
- 12. The Factors of Production: The Role of Entrepreneurship
- 13. Financing Capitalism: Stock and Bond Markets
- Part III: Macroeconomics
- 14. Understanding the Macro Economy
- 15. Measures of Economic Activity, Income and Wealth
- 16. Price Inflation and the Purchasing Power of Money
- 17. Economic Growth: The Role of Saving, Investment, and Technology
- 18. Money and the Commercial Banking System
- Part IV: Government Policy
- 19. Inflation, Central Banking and Monetary Policy
- 20. Fiscal Policy and the Role of Government
- 21. Government Revenues and Tax Policy
- 22. Deficit Spending and the National Debt
- 23. Government Regulations and Controls
- 24. Environmental Economics
- 25. Expansion and Contraction: Economics of the Business Cycle
- 26. Globalization, Protectionism and Free Trade
- 27. Development Economics: Capitalism, Socialism and Democracy
- Afterword:
- 28. What Do Economists Do?
- Glossary of Economic Terms
- Index
- About the Author
