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 | 17 |
The Federal Reserve | 27 |
GraphingA Brief Review | 34 |
A Parable for the Modern Economy | 46 |
Applications of Comparative Advantage | 53 |
CHAPTER 16 | 361 |
Monopolistic Competition | 363 |
Advertising | 371 |
Conclusion | 377 |
Chapter 18 | 383 |
LaborMarket Equilibrium | 389 |
Conclusion | 398 |
Chapter 19 | 399 |
SUPPLY AND DEMAND | 59 |
The Market Forces of Supply | 61 |
Elasticity and Its Application | 89 |
On the Road with ElasticityFor Whom | 98 |
Conclusion | 108 |
V | 111 |
Rent Control in the Short Run and Long | 115 |
Taxes | 121 |
MARKETS | 131 |
THE COSTS OF TAXATION | 155 |
The Costs of Taxation | 157 |
Henry George and the Tax on Land | 163 |
Should Ukraine Cut Tax Rates to Raise | 169 |
International Trade | 175 |
The Winners and Losers from Trade | 176 |
The Arguments for Restricting Trade | 186 |
THE ECONOMICS OF THE PUBLIC | 197 |
Externalities and Market Inefficiency | 201 |
Private Solutions to Externalities | 207 |
Conclusion | 216 |
MONEY AND PRICES IN THE LONG | 226 |
The Importance of Property Rights | 233 |
The Design of the Tax System | 237 |
State and Local Government | 242 |
Chapter 30 | 247 |
Taxes and Equity | 249 |
The Tradeoff between Equity | 257 |
THE COSTS OF PRODUCTION | 263 |
Chapter 10 | 264 |
The Various Measures of Cost | 270 |
Chapter 11 | 271 |
Costs in the Short Run and in the Long Run | 277 |
CHAPTER 14 | 283 |
V | 302 |
How Monopolies Make Production and Pricing | 308 |
The Welfare Cost of Monopoly | 315 |
Chapter 16 | 319 |
Competing to Be the Best Monopolist | 330 |
Oligopoly | 337 |
Tournament | 353 |
The Economics of Discrimination | 409 |
Conclusion | 416 |
Chapter 20 | 421 |
The Measurement of Inequality | 422 |
The Political Philosophy of Redistributing | 431 |
Conclusion | 440 |
The Theory of Consumer Choice | 447 |
CHAPTER 21 | 473 |
Real versus Nominal GDP | 485 |
Conclusion | 491 |
Correcting Economic Variables for the Effects | 505 |
The World BankWorld Bank Focusing | 529 |
Research and Development | 535 |
SAVING INVESTMENT AND THE FINANCIAL | 541 |
MARKETS 381 | 547 |
The Market for Loanable Funds | 550 |
Conclusion | 559 |
Job Search | 583 |
The MinimumWage DebateThesis | 591 |
Banks and the Money Supply | 599 |
Conclusion | 606 |
The Costs of Inflation | 623 |
The International Flows of Goods and Capital | 638 |
Real | 647 |
Conclusion | 656 |
How Policies and Events Affect an Open | 668 |
Conclusion | 676 |
Why the AggregateDemand Curve Might Shift | 690 |
Two Causes of Recession | 696 |
The Origins of Aggregate Demand | 702 |
How Monetary Policy Influences Aggregate | 708 |
How Fiscal Policy Influences Aggregate | 716 |
The Economy in the Long Run and the Short | 727 |
The Phillips Curve | 734 |
The Role of Supply | 745 |
Conclusion | 754 |
Chapter 34 | 759 |
Glossary | 777 |
Credits | 783 |