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Economics Student Text (3rd ed.) introduces and explores key principles of economics from household purchases to the stock market. Each chapter includes personal finance sections that explain important economic principles and provide practical information about budgeting, banking, debt, credit and interest. Students will also learn about issues related to national economic systems and policies. - Publisher

Now firmly established as one of the leading economics principles texts in the UK and Europe, this exciting new fourth edition of Economics by N. Gregory Mankiw (Harvard University) and Mark P. Taylor (Washington University), has been fully updated. New topics have been added in including theories on, for example, Marxist and Feminist theories on labour giving wider context to economic issues. A new chapter on Issues in Financial markets has been added covering the financial crisis and its causes and the final chapter has been updated to reflect the post-crisis world and how theories of the crisis have emerged

The present book is an introduction to Development Economics, International Economics, and elementary Statistics for students. It focuses largely on the economics of development of poor countries, and will be highly relevant for understanding various developmental problems-such as poverty, inequality, population growth, problems of capital formation, poor level of HDI-that are faced by the countries of Asia, Africa, Latin America. The book has been written considering the principle of 'comparative advantage' of the two authors. Their individual gains from specialization are expected to stimulate further interest in both Economics and Statistics.

There would not have been an economics of convention (EC) without the use of the word "convention" in chapter 12 of the "The General Theory of Employment, Interest, and Money" (1936) by Keynes, and without the book "Convention. A Philosophical Study" (1969), by the philosopher and mathematician David Lewis. But representatives of EC reinterpret the usual reading of those two texts. They extract from the first one the idea of a convention as regulating a professional community (the financial one and the academic one in economics). As for the second one, they privilege the final revision of Lewis' initial game-theoretic definition, which puts non-observable "beliefs" on a par with observable "actions." The coherence between both elements can only be produced by the emergence of a "(social) practice." Therefore a very different practice of economics is promoted by EC (for instance reunifying coordination and reproduction). Following Foucault who studied states as a practice (through the notion of "governmentality"), we study business firms as a practice. Because of the gap between the legal person (corporation whose members are the share-holders) and the economic organization (with all its stake-holders), the firm as a practice needs to be regulated by a convention, in order to make the inequality not unbearable for workers. Otherwise the working of the firm as a dispositive of collective creation would be blocked. We conclude that conventions, practices, and dispositives belong to the same analytical space.