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In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised sixth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.
The case for returning to a gold standard has usually been made on a political, not economic basis. In this new edition of his classic work, Mark Skousen introduces the key concepts and research showing the case for gold from an economic standpoint while offering realistic scenarios for how gold could once again become the basis of a monetary system.
First edition published in 2001 in Armonk, New York, by M. E. Sharpe
Provides an introduction that updates the author's four-stage model with statistical evidence, applications to textbooks, and historical interpretation. This work also introduces diagrams and models to improve pedagogy in the classroom: the "natural" rate of interest hypothesis.
ContentsFree Money - Is Sound MoneyHans F. SennholzThe SolutionMurray N. RothbardA Golden ComebackMark SkousenThe Great Gold RobberyJames BovardGold StandardsCharles CurleyCloser Look at GoldCharles E. WeberGold Has Risen - But Remains the SameDonald McLaughlinGold Is Legal, But.....Robert G. AndersonLetter from the Paper PlanetErnest G. RossPrecious Metals Investing TipsAdam Starchild
EconoPower will provide you with a firm understanding of the influence of modern economics and how it can be used to improve the world we live in. It offers practical advice on numerous personal financial matters earning, saving, investing, and retiring based on the breakthrough contributions of behavioral economists.
Presents the history of economics. This book offers coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.
Traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state.
Debates the Austrian and Chicago schools of free-market economics, two schools in constant, heated disagreement in their theories of money, business cycle, government policy, and methodology.
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