The book offers a lucid, non-technical introduction to important economic concepts, showing how they are applied in a real world setting.
The Economics of Social Problems
In other words , workers are paid about what they are worth to employers . What a worker is worth to an employer is referred to by economists as the worker's marginal revenue productivity . Suppose the marginal revenue productivity of ...
The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.
The book may also be used to supplement principles courses with lively social issues to add relevance to the economic principles being taught.
The book may also be used to supplement principles courses. The Economics of Social Issues has garnered a loyal user following for its timely and impartial handling of current social issues which dominate newspapers and television news.
The Economics of Social Problems
The Shepherd of Salisbury Plain is a pious character in a popular story of the same name written in 1795 by the English religious writer Hannah More (1745–1833). The Shepherd of Salisbury Plain and other tales by More are available ...
This book is of interest to any social scientist, particularly those with interests in economics and politics.
Stock's Social Issues and Economic Thinking presents a realistic picture of current economic thought through an understanding of theory and the application of issues.