Principles of Economics, Volume 1His most recent book--"Principles of Economics"--is the most talked about economics text of our time and will likely teach the next generations of undergrads the laws of supply and demand. We're sure his columns for "Fortune" will be as informative and elegant. |
Contents
Ten Principles of Economics | 3 |
CHAPTER | 13 |
Summary | 14 |
Thinking Like an Economist | 19 |
The Federal Reserve | 27 |
A Parable for the Modern Economy | 46 |
Applications of Comparative Advantage | 53 |
The Demand Schedule and the Demand Curve | 64 |
The Economics of Discrimination | 409 |
Conclusion | 416 |
Chapter 20 | 421 |
The Measurement of Inequality | 422 |
The Political Philosophy of Redistributing | 431 |
Conclusion | 440 |
PART VII | 448 |
Utility An Alternative Way to Represent | 455 |
Chapter 5 | 89 |
The Elasticity of Supply | 99 |
Conclusion | 108 |
Chapter 6 | 111 |
Taxes | 121 |
Consumers Producers and | 133 |
The Costs of Taxation | 155 |
Henry George and the Tax on Land | 163 |
Should Ukraine Cut Tax Rates to Raise | 169 |
International Trade | 173 |
The Winners and Losers from Trade | 176 |
The Arguments for Restricting Trade | 186 |
PART IV | 200 |
Externalities and Market Inefficiency | 201 |
Private Solutions to Externalities | 207 |
Conclusion | 216 |
The Importance of Property Rights | 233 |
Taxes and Equity | 249 |
The Tradeoff between Equity | 257 |
FIRM BEHAVIOR AND | 259 |
THE COSTS OF PRODUCTION | 263 |
The Various Measures of Cost | 270 |
Costs in the Short Run and in the Long Run | 277 |
Firms in Competitive Markets | 283 |
Monopoly | 303 |
Chapter 10 | 311 |
The Welfare Cost of Monopoly | 315 |
The Prevalence of Monopoly | 332 |
Chapter 13 | 335 |
Tournament | 353 |
Monopolistic Competition | 363 |
Conclusion | 377 |
Chapter 18 | 383 |
LaborMarket Equilibrium | 389 |
Conclusion | 398 |
Chapter 19 | 401 |
CHAPTER 21 | 473 |
Real versus Nominal GDP | 485 |
Conclusion | 491 |
Correcting Economic Variables for the Effects | 505 |
The World Bank | 529 |
Research and Development | 535 |
Financial Institutions in the U S Economy | 542 |
The Market for Loanable Funds | 550 |
Conclusion | 559 |
Job Search | 583 |
MONEY AND PRICES | 589 |
Banks and the Money Supply | 599 |
Conclusion | 606 |
The Costs of Inflation | 623 |
Basic | 637 |
The International Flows of Goods and Capital | 638 |
Real | 647 |
Conclusion | 656 |
PART XII | 659 |
How Policies and Events Affect an Open | 668 |
Conclusion | 676 |
Aggregate Demand and Aggregate | 681 |
Why the AggregateDemand Curve Might Shift | 690 |
Two Causes of Recession | 696 |
The Origins of Aggregate Demand | 702 |
How Monetary Policy Influences Aggregate | 708 |
The Influence of Monetary and Fiscal | 709 |
How Fiscal Policy Influences Aggregate | 716 |
The Economy in the Long Run and the Short | 727 |
PART XIII | 734 |
The Role of Supply | 745 |
Key Concepts | 755 |
Chapter 34 | 759 |
Glossary | 777 |
Credits | 783 |