Economics: Private and Public Choice

Economics: Private and Public Choice

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ECONOMICS: PRIVATE AND PUBLIC CHOICE, Fifteenth Edition, reflects current economic conditions, enabling students to apply economic concepts to the world around them. The up-to-date text includes analysis and explanation of measures of economic activity in todaya€™s market. It also includes highlights of the recession of 2008-2009, and an in-depth look at the lives and contributions of notable economists. ECONOMICS: PRIVATE AND PUBLIC CHOICE dispels common economic myths. The text uses the invisible hand metaphor to explain economic theory, demonstrating how it works to stimulate the economy. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.For example, the stock market price declines immediately before and during the recessions of 1973a€“1975 and 1982a€“1983 were ... The 1987 crash did not lead to economic disaster. In fact, it was not even followed by a recession. ... Thus, although the decline in stock prices may well have triggered the initial economic decline, the length and severity of the Great Depression were the result of other factors.


Title:Economics: Private and Public Choice
Author: James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Publisher:Cengage Learning - 2014-02-03
ISBN-13:

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