Economic Issues Today: Alternative Approaches
Author: Robert B Carson
Highly accessible and relevant in today's economic environment, Economic Issues Today provides a unique approach to understanding what the practice of economics is all about. Carson covers 14 current economic issues, providing for each an analysis and proposed solution from three different ideological perspectives: Conservative, Liberal, and Radical.
With the contributions of new coauthors Hecht and Thomas, the entire text has been thoroughly revised and brought up to date. The well-received chapters on the environment, agriculture, consumer welfare, competition, deregulation, stabilization, unemployment, the federal budget, and economic planning have all been extensively revised and updated, and the authors have added entirely new chapters on taxation, inflation, and international economics.
Like all its predecessors, Economic Issues Today, Sixth Edition, is written specifically for an undergraduate audience; it requires no background in economic analysis and avoids economic jargon in favor of plain everyday language.
Booknews
The new edition of a textbook for undergraduates introducing conservative, liberal, and radical analyses of broad American economic issues, both macroeconomic and microeconomic. Fourteen chapters separately examine agricultural competition, consumer welfare, environmental protection, deregulation, income distribution, taxation, economic instability, budget balancing, unemployment, inflation, international economics, and market versus regulatory controls. Each chapter presents solutions based on conservative free market capitalism, liberal regulated capitalism, and radical rejection of production-for-profit capitalism. Also published as two paperback volumes: and . Annotation c. Book News, Inc., Portland, OR (booknews.com)
Table of Contents:
| Pt. I | Introduction | |
| Alternative economic philosophies : a survey of conservative, liberal, and radical critiques | 3 | |
| Pt. II | Problems in the marketplace | |
| Issue 1 | Responding to market outcomes : competition or protection for American agriculture? | 35 |
| Issue 2 | Consumer welfare : is it necessary to protect the consumer? | 58 |
| Issue 3 | Dealing with externalities : how can we save the environment? | 75 |
| Issue 4 | Imperfect competition : is big business a threat or a boon? | 92 |
| Issue 5 | Economic regulation : which path : deregulation or reregulation? | 112 |
| Issue 6 | Income distribution : does America have an income inequality problem? | 135 |
| Issue 7 | Financing government : what is a fair system of taxation? | 163 |
| Pt. III | Problems of aggregate economic policy | |
| Issue 8 | Macroeconomic instability : are we depression-proof? | 187 |
| Issue 9 | Economic growth and stability : can we maintain high and steady rates of economic growth? | 212 |
| Issue 10 | Balancing the federal budget : should we be worried about the rising federal deficit? | 239 |
| Issue 11 | Unemployment : is joblessness an overrated problem? | 261 |
| Issue 12 | Inflation : can price pressures be kept under control? | 284 |
| Issue 13 | The new population problem : can we save our social security system? | 307 |
| Issue 14 | International economics : where does America fit into the new world order? | 331 |
| Pt. IV | Conclusion | |
| Reprise : the market versus planning and controls : which strategy works better? | 365 | |
| Final thoughts and suggested readings | 387 |
See also: Style or Macrobolic Nutrition
Income, Wealth, and the Maximum Principle
Author: Martin Weitzman
This compact and original exposition of optimal control theory and applications is designed for graduate and advanced undergraduate students in economics. It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable students to solve any one-dimensional problem routinely. Its unified framework illuminates many famous economic examples and models.
This work also emphasizes the connection between optimal control theory and the classical themes of capital theory. It offers a fresh approach to fundamental questions such as: What is income? How should it be measured? What is its relation to wealth?
The book will be valuable to students who want to formulate and solve dynamic allocation problems. It will also be of interest to any economist who wants to understand results of the latest research on the relationship between comprehensive income accounting and wealth or welfare.
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