Economics: Private and Public Choice, Second Edition deals with modern
Keynesian theory, monetarist theory, collective decision-making, and
the traditional demand-side of macroeconomics. The book explains
economic principles, such as taxation, government expenditure, public
choice theory, rate of employment, aggregate supply, fiscal policy,
low productivity, inflation, and adaptive expectation hypothesis. The
text also covers microeconomics, particularly, capital interest,
profits, energy market, and the indifference curve analysis. The book
discusses inequality, income mobility, and the battle against poverty
where a market system can encourage the careful use of resources, high
productivity, and freedom of choice for individuals to bear the costs
and reap the benefits. The text points out that income redistribution
can result in some conflicts. As an example, the book analyzes income
inequality in the United Sates, income inequality in other countries,
as well as its causes. The book also describes the characteristics of
less developed countries as having low per capita income, dominance of
agriculture-household sector, rapid population growth, income that is
more unequally distributed, including inadequate health care and
education. The book is suitable for economists, sociologists, and
policy makers involved in national economic development.
Les mer
Produktdetaljer
ISBN
9781483264431
Publisert
2016
Utgave
2. utgave
Utgiver
Vendor
Academic Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter