Cover image for Demystifying economics : the book that makes economics accessible to everyone
Title:
Demystifying economics : the book that makes economics accessible to everyone
Author:
Smith, Allen W. (Allen William)
Edition:
Expanded second edition.
Publication Information:
Naples, Fla. : Ironwood Publications, [2000]

©2000
Physical Description:
270 pages ; 24 cm
General Note:
Includes index.
Language:
English
ISBN:
9780964850460

9780964850477
Format :
Book

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Material Type
Home Location
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Central Library HB171 .S63 2000 Adult Non-Fiction Central Closed Stacks
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Grand Island Library HB171 .S63 2000 Adult Non-Fiction Open Shelf
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Williamsville Library HB171 .S63 2000 Adult Non-Fiction Open Shelf
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Reviews 4

Booklist Review

Smith, a teacher of economics for more than 25 years at the high school and college levels, has a career ambition of waging war against economic illiteracy, and his purpose in writing this book is to make basic economics accessible to everyone. Written in textbook style with a set of economic highlights listed at the end of each chapter, he uses simple language and concrete examples that relate economics to ordinary daily life. The author notes that good economics and good politics are often in direct conflict, and when politicians have to choose between the two, they almost always select good politics. Therefore, it is doubly important that the public understands basic economic issues. Smith explains concepts such as supply and demand; business organizations and market structures; labor economics; gross domestic product; inflation; fiscal policy; money and banking; and international trade. This handbook is an excellent resource for beginners as well as those seeking to review their understanding of economic principles. --Mary Whaley


Choice Review

In this small volume, Smith, a retired college teacher who has written several introductory textbooks and a weekly newspaper column on economics, presents basic economic concepts. With remarkable brevity and in an easy-to-understand style, he manages to cover all the major topics commonly found in a first-year college-level introductory course in economics. Beginning with definitions of economics and the economic problem, he describes salient features of the US economy and then proceeds to develop and illustrate the law of supply and demand, types of business organization and market structures, the economics of the firm and profit maximization, labor organization and history, national income and product accounting, the concepts of unemployment and inflation, monetary and fiscal policy, and international trade and finance. No equations lurk in the pages to daunt the novice. While the treatment of topics is of necessity superficial, Smith's work provides a useful first-blush exposure to economics for beginning students and general readers. E. L. Whalen; Clark College


Booklist Review

Smith, a teacher of economics for more than 25 years at the high school and college levels, has a career ambition of waging war against economic illiteracy, and his purpose in writing this book is to make basic economics accessible to everyone. Written in textbook style with a set of economic highlights listed at the end of each chapter, he uses simple language and concrete examples that relate economics to ordinary daily life. The author notes that good economics and good politics are often in direct conflict, and when politicians have to choose between the two, they almost always select good politics. Therefore, it is doubly important that the public understands basic economic issues. Smith explains concepts such as supply and demand; business organizations and market structures; labor economics; gross domestic product; inflation; fiscal policy; money and banking; and international trade. This handbook is an excellent resource for beginners as well as those seeking to review their understanding of economic principles. --Mary Whaley


Choice Review

In this small volume, Smith, a retired college teacher who has written several introductory textbooks and a weekly newspaper column on economics, presents basic economic concepts. With remarkable brevity and in an easy-to-understand style, he manages to cover all the major topics commonly found in a first-year college-level introductory course in economics. Beginning with definitions of economics and the economic problem, he describes salient features of the US economy and then proceeds to develop and illustrate the law of supply and demand, types of business organization and market structures, the economics of the firm and profit maximization, labor organization and history, national income and product accounting, the concepts of unemployment and inflation, monetary and fiscal policy, and international trade and finance. No equations lurk in the pages to daunt the novice. While the treatment of topics is of necessity superficial, Smith's work provides a useful first-blush exposure to economics for beginning students and general readers. E. L. Whalen; Clark College


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