Microeconomics: Private and Public Choice

Microeconomics: Private and Public Choice

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MICROECONOMICS: 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. MICROECONOMICS: 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.If higher productivity enables real (inflation-adjusted) wages to rise quickly, so will future Social Security benefits. For example, if inflation is zero and real wages start growing at 2 percent a year instead of their previous level of 1 percent, then the formula used to calculate Social Security benefits will also begin to ... many supporters because of the belief that it redistributes wealth from the rich to the poor.

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


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