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Introduction to economics for complete beginners
The 16 essays were presented in September 1994 at Simon Fraser University where economist Lipsey teaches. They contribute to some of the areas that he has worked in, including the theory of second best; unemployment, inflation, and the Phillips Curve; trade theory, customs unions, and the growth of the global economy; strategic behavior in an exchange economy, competition, and strategic choice of technology to support collusive oligopoly equilibria, property rights, and technology; and teaching economics, transforming institutions, and the professional economist. Annotation copyrighted by Book News, Inc., Portland, OR
"Written to engage you with real world issues and questions in economics, this book provides up-to-date coverage of the financial crisis and its many subsequent implications, which are vital to understanding today's economic climate. Case studies help you to understand how economics works in practice, and to think critically"--Back cover.
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This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political landscape over the last 10,000 years and allowed the West to become, until recently, the world's only dominant technological force. Unique in the diversity of the analytical techniques used, the book begins with a discussion of the causes and consequences of economic growth and technological change. The authors argue that long term economic growth is largely driven by ...
Richard Lipsey and Alec Chrystal have rewritten their global bestseller to take account of the latest international developments, whilst revising their core material to ensure students have the best possible grounding in economics.
Traditionally, economists have considered the accumulation of conventional inputs such as labour and capital to be the primary force behind economic growth. In the late-1990s however, many economists place technological progress at the centre of the growth process. This shift is due to theoretical developments that allow researchers to link microeconomic outcomes.