Want to know how capitalism works so well yet why we have unemployment, where profits come from, and what the Fed is? This is a popular book on economics and capitalism. It uses only simple words and examples - no charts or formulas. It is pro-market while also admitting problems such as with health care and poverty. Unlike similar books, it explains economic theory, explains ideologies, accepts social classes, sees a role for morality, and sometimes uses biological ideas about human nature. It prepares you to understand modern issues, read further, and take a course.If Carl gets a 12th basket, the total utility goes up again, but not as much from the 12th basket as from the 11th basket; and so on. When Carl has 99 baskets of corn, he will have much more total utility than when he had only 10, but the utility ofanbsp;...
|Title||:||First Book in Economics|
|Publisher||:||Xlibris Corporation - 2008-09-16|