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Economics: Private and Public Choice

by James D. Gwartney, Richard L. Stroup, Russell S. Sobel

ISBN-10: 9780030212833
ISBN-10: 0-03-021283-9
ISBN-13: 9780030212833
ISBN-13: 978-0-03-021283-3
Hardcover
1999-08-03
Harcourt


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Editorials


Book Description
A cornerstone of Harcourt's publishing program for 25 years, Economics: Private and Public Choice is considered the best existing principles of economics textbook emphasizing free markets. The strengths of this text are its clarity, emphasis on the economic way of thinking, and its application to the world around us. Economics: Private and Public Choice has an amazing approach to introducing students to a moderate amount of economic data analysis while applying the concept to a real-world story.

Reviews


Teaches basic economics
If you have time and want to learn macro and micro economics fundamentals and how it can applied in a practical setting, then is the book for you. I used this book for my MBA program.

The author has used examples, charts, graphs , figures etc to drive home the concepts.

If you want to learn economics in 24 hrs, this is not the book for you.

Well in time
Product was well packaged and delivered in time. Will do business again.

When did textbooks become so interesting?
I concur with the other reviewers...this is one textbook that is worth every dollar. The authors use color and layout so well in their instruction...a wonderful feature since economics, even with all its fancy graphs, can be very boring. The text is even engaging. It's a bookshelf staple for anyone who is interested in economics, student or not.

Economics primer with a right-wing bias
As others have written, this text is reasonably well-written and organized. However, it has a clear bias, presenting and defending a right-wing agenda. For example:

*Taxes, unions, environmental protection, transfer payments are bad.
*School vouchers, social security reform to presonal retirement accounts, medical savings accounts are good ideas.

Of course I oversimplify (slightly), but whatever side of these and other issues one might fall, it's pretty clear that the other side is given short shrift.

A minor beef I had with this text is that too many of its examples cater to the college student.


Very well written
This book will make you love economics. It covers both microeconomics and macroeconomics. It also explains how monetary policy and fiscal policy affects the economy. Some of the reasonings are counter intuitive however the authors provide very good examples to illustrate their point. I gained a very good understanding of aggregate demand and supply and how they get affected because of fiscal and monetary policy, employment, economic growth, taxes, trade tariffs, exports, imports, and other factors.


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