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"Welcome to the 23rd edition of Economics, America's most innovative-and popular-economics textbook. The financial crisis and the subsequent slow recovery increased both student and faculty demand for principles-level content geared toward explaining directly and intuitively why markets and governments fail-sometimes spectacularly-in delivering optimal social outcomes. To satisfy that demand, our presentation of market failures, government failure, and public choice theory has been significantly restructured in Chapters 4 and 5 to allow students to quickly absorb the key lessons regarding externalities, public goods provision, voting paradoxes, the special interest effect, and other problems that hinder either markets or governments from achieving optimal social outcomes."

This volume deals with both a new theoretical framework and the capability of new economics to tackle a number of economic problems. It offers detailed analysis and informed comment on the type of new economics emerging in the aftermath of the financial crisis and the 'great recession'.

Cover -- Table of Contents -- Banking System -- Behavioral Economics -- Capitalism -- Central Banking -- Classical Economics -- Commerce Department -- Computational Economics -- Consumer Price Index -- Consumer Spending -- Disposable Income -- Economic Modeling -- Economic Policy -- Economic Theories -- Energy Economics -- Environmental Economics -- Evolutionary Economics -- Experimental Economics -- Fair Trade -- Federal Reserve -- Federal Trade Commmission -- Fiscal Policies -- Free Trade -- Free Trade Agreements -- Global Economy -- Gross Domestic Product -- Gross National Product -- Hyperinflation -- Income Taxes -- Industrialisation -- Information Economics -- International Economics -- International Monetary Fund -- International Trade -- Investment Policy -- Keynesian Economics -- Labor Economics -- Laissez-Faire Economics -- Law And Economics -- Macroeconomics -- Mathematical Economics -- Microeconomics -- Monetary Policy -- Offshoring -- Poverty Level -- Price Indices -- Public Debt -- Quasi-Markets -- Real Estate Economics -- Recession -- Resource Economics -- Socialism -- Socioeconomics -- Standard Of Living -- Tariffs -- Trade Barriers -- Transport Economics -- Unemployment Rates -- Wage Rates -- Welfare Economics -- World Bank -- World Trade Organzation -- Additional Research -- Index.

Preface -- Ch 1 Overview Qualitative Economics (QE) - The Science of Economics -- Part I Philosophy of Science and the Lifeworld Traditions -- Ch 2 The Case for Rethinking the Foundation of Business Economics -- Ch 3 Understanding the Organization of Science -- Ch 4 History of Lifeworld Traditions -- Ch 5 Mead and Blumer - Social Theory and Symbolic Interactionism -- Part II Science of Economics through Linguistics -- Ch 6 The Study of Qualitative Economics -- Ch 7 The Science of Qualitative Economics -- Ch 8 Methodological and Theoretical Constructs -- Ch 9 Linguistics as a Science -- Ch 10 Everyday Economic Life -- Ch 11 Summary and Conclusions -- Appendix A: The European Union Circular Economy: The Transition Towards a Better Future -- Appendix B: Circular Economy and Strategic Approach to Raw Materials: An Important Challenge for Europe and the Rest of the World -- References -- Author Index -- Subject Index

Learn the basics of economics and keep up to date on our ever-changing economy. Whether you're studying economics in high school or college, or you're just interested in taking a peek into the complexities of how money moves, Economics For Dummies is the go-to reference that transforms complex economic concepts into easy-to-understand reading. With the simple explanations in this book, you'll master key topics like supply and demand, consumer behavior, and how governments and central banks attempt to avoid—or at least ameliorate—business downturns and recessions. Plus, you'll learn what's going on these days with inflation, interest rates, labor shortages, and the Federal Reserve. Studying for an exam? This Dummies guide has your back, with online practice and chapter quizzes to help you get the score you need. It's time to recon econ, the Dummies way. Economics For Dummies is an approachable reference book for students, as well as an informative guide for anyone interested in learning more about today's economy.

The twelfth edition of this classic text has built upon the success of previous editions and has been thoroughly updated and revised to give students a deeper understanding and appreciation of the core principles of Economics. Suitable for beginners, Economics is accessible but has a rigour that will stretch readers to achieve their full potential. In-depth explanations of key theoretical concepts are balanced with a wide range of real-world examples to help students understand and apply their knowledge. Online Resource Centre For students: - Self-test questions - Economics in the news - Interactive chapters - Web links - Flashcard glossary - Authors` blog For lecturers: - Animated PowerPoint slides - Instructor`s manual - Test bank - Figures from the text

Presents a guide to economics that covers such topics as leading economic indicators, fiscal and monetary policy, supply and demand, consumer behavior, the federal budget, business cycles, and the banking system