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Title: Economics: Principles and Policy, Ninth Edition with Infotrac by William J. Baumol, Alan S. Blinder ISBN: 0-03-035457-9 Publisher: South-Western College Pub Pub. Date: 01 January, 2003 Format: Hardcover Volumes: 1 List Price(USD): $118.95 |
Average Customer Rating: 3.5 (6 reviews)
Rating: 5
Summary: Quintessential good introduction
Comment: I used this book as my first introduction to economics, and even many years after having read it I continue to use it as a source of reference to the most simple concepts of economics. It has the very best simple explanations of economic principles that I have ever seen. It is filled with interesting stories that bring these principles to the real world, showing a novice the potential power of these ideas. This is Economics 101 at its best.
Rating: 1
Summary: It's mainstream economics myths and legends
Comment: I didn't buy the book. I looked at some parts to verify a critique by others I read. I found this quote:
"So while saving may pave the road to riches for an individual, if the nation as a whole decides to save more, the result may be poverty for all!"
This thinking is flawed. After all, true savings means that we have put aside something we created (instead of consuming it) that someone can now use to sustain themselves while they create new products and jobs for those who were laid off from unprofitable businesses. Without these savings, we would not be able to survive to produce more. And if we don't, ourselves, produce more than we consume, then where will all the new businesses get their resources to run their new business (before it starts to produce anything).
As usual, these writers of mainstream economics don't seem able to follow through with a chain of events. It's as though when someone saves a dollar's worth of some product, it is always burried and lost to human kind. These authors would have us continue to consume everything around us without any regard for new production. Somehow this would result in less proverty.
Unless you are forced to buy this book for a course in Economics, you would be better off looking elsewhere. Better yet, find a better course in economics, unless you are only interested in working for some organization that feeds itself by spreading false economic theory.
Rating: 5
Summary: full of the economic wisdom
Comment: I am teaching economics and have read the textbooks written by Stiglitz, Mankiw, Samuelson etc.,but I think this is the best.It not only explains the elements of economics in plain words,but also convey lots of incisive insights which we should keep in mind when we tackle economic problems. I found Baumol and Blinder very instructive as well as interesting.
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Title: Economics by Fanny Howe ISBN: 097100594X Publisher: Flood Editions Pub. Date: June, 2002 List Price(USD): $14.00 |
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Title: Dealing With People You Can't Stand by Rick Brinkman, Rick Kirschner ISBN: 0070078386 Publisher: McGraw-Hill/Contemporary Books Pub. Date: 01 August, 1994 List Price(USD): $12.95 |
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Title: Corporate Financial Reporting by E. Richard II Brownlee, Kenneth R Ferris, Mark E Haskins ISBN: 0072316365 Publisher: McGraw-Hill/Irwin Pub. Date: 31 July, 2000 List Price(USD): $92.81 |
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Title: Hablemos Espanol! by Teresa Mendez-Faith, Mary McVey Gill, Mendez ISBN: 0030254566 Publisher: International Thomson Publishing Pub. Date: February, 1998 List Price(USD): $52.95 |
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Title: Haroun and the Sea of Stories by Salman Rushdie ISBN: 0140157379 Publisher: Granta Books Pub. Date: November, 1991 List Price(USD): $14.00 |
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