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Maximizing happiness means more than maximizing wealth, and yet many students assume economists only care about the bottom line. Private Markets and Public Choice emphasizes that economics is, at its base, about our society's well-being and our individual happiness in all forms, not just profit. The authors teach students to apply economic concepts not only to key policy decisions like taxes, inflation, and free trade, but also to personal decisions such as household finance, marriage, and career choices.The Seventh Edition is enhanced by MyEconLab, the online homework system featuring automatically graded graphing problems and proven tutorial tools. Access to MyEconLab comes with every new textbook at no additional cost to the student.
This text investigates the fundamental question of how economic principles apply to both broad societal policy and individual human decision-making. Robert B. Ekelund, an established scholar in the field, utilizes a framework that expands the definition of economic utility beyond mere wealth accumulation. By integrating concepts of public choice and private market dynamics, the author argues that economic literacy is essential for navigating personal life choices as well as national fiscal challenges.
What You Will Find
Instructors and students frequently identify this text as a comprehensive introduction to the breadth of economic application. Experts note that the prose maintains a balance between rigorous theoretical foundations and accessible real-world examples.
Page Count:
0
Publication Date:
1997-06-01
Publisher:
Addison-Wesley
ISBN-10:
0201695987
ISBN-13:
9780201695984
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