The book delves into the logical foundations of a specific economic concept, advocating for its application in economic analysis. It presents a thorough examination of the concept's relevance and effectiveness, culminating in a final chapter that evaluates its influence on both theoretical frameworks and empirical research in economics and policy-making.
The Seventh Edition incorporates updated figures and data, while also emphasizing current topics of interest--including the severe economic downturn of recent years and the latest developments in economic thinking. It also includes newly refined Learning Objectives that introduce the concepts explored in each chapter, along with new applications and chapter-opening stories related to the most up-to-date developments in economics. Covering both macroeconomics and microeconomics in one concise paperback volume, this book shows readers how to think and act like an economist by showing them how to use economic concepts in their everyday lives and careers.
This book provides a short, critical introduction to controversies in tax policy. It emphasizes the many diverse underlying factors that drive tax policy debates and sheds light on traditional and newly emerging issues of tax policy.
Theory and Policy
Sheffrin, Steven M., Wilton, David A., Prescott, David M.