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The National Economy
Bradley A. Hansen
Book Code: GR3541
ISBN: 0-313-33541-9
ISBN-13: 978-0-313-33541-9
200 pages, figures; photos; tables
Greenwood Press
Publication: 4/30/2006
List Price: $55.00 (UK Sterling Price: £31.95)
Discount Price: $44.00 Greenwood Press Fall 2008 Backlist Sale. Use code 0826. Save 20%. Ends 12/31/2008.
Availability: In Stock
Media Type: Hardcover
Also Available: Ebook
Trim Size: 6 1/8 x 9 1/4
Subjects: Reviews:
  • [T]his volume provides a clearly written introduction to the structure and performance of the American economy. Hansen begins by using the basics of supply and demand to examine how markets work. After discussing measures of economic performance, including gross domestic product, unemployment, and inflation, Hansen covers issues of long-term growth, short-run fluctuations, and economic policy. The bulk of the text describes the economic roles of businesses, households, the government, and the foreign sector. Current controversies such as globalization and immigration are touched upon. The book also includes sources of current economic information, a chronology of important economic events, and a glossary. Primarily descriptive with economic terminology and theory employed sparingly, this book will be a useful resource for novice readers wanting an accessible introduction to the American economy. Highly recommended. General readers and all levels of undergraduate students.
    —Choice     September 2006
  • Provides an introduction to the American economy for noneconomists. with an emphasis on understanding long-term growth and short-run fluctuations. Presents an overview of how market economies such as in the United States work. Examines how we measure economic performance. Provides an explanation of long-term growth. Covers short-run fluctuations. Examines the roles of business, households, government, and the foreign sector in the national economy.
    —Journal of Economic Literature     December 2006
  • For the general reader, non-economist, and high school and college student, Hansen presents an introduction to the economy of the US, with a focus on long-term growth and short-run fluctuations. He explains economic growth, business cycles, how market economies work, how economic performance is measured, and the roles of business, households, the government, and the foreign sector.
    —Reference & Research Book News     August 2006
  • Endorsement From Benjamin Zycher
    Senior Fellow, Manhattan Institute for Policy Research:     Bradley A. Hansen offers common sense, sound economics, and everything we need to know on the national economy in this well-written volume.
  • Endorsement From José R. de la Torre
    Dean, Alvah H. Chapman Jr. Graduate School of Business
    Florida International University:     Economic literacy is an essential condition for our democracy to work. Only an educated public can make sense of the myriad of economic issues that characterize our public debate,ranging from the collapse of private pensions to the impact of outsourcing on our job markets. This series constitutes a significant step towards the achievement of this goal. Written by eminent professionals and experienced practitioners, each of its seven volumes renders complex issues easy to assimilate without sacrificing nuance or controversy. Aimed at the general public, the authors succeed in bringing to everyday life the substance of most important economic agents and forces.
Description: The national economy is the engine of growth for any country--whether it is a superpower with global reach or a small nation struggling to emerge from poverty. Every citizen is a participant in the economy, as they work to create income for their families, pay taxes, spend their earnings of products and services, or draw from government programs, such as welfare or Social Security. And yet the workings of the economy remain a mystery to most, even as the demands on our economic resources increase. This volume presents a basic introduction to the national economy--how it works and how various political and business decisions affect it. Chapters one through four explain the concept of Gross Domestic Product (GDP) and its components, with an emphasis on supply and demand, long-term growth, and short-term fluctuations resulting from such factors as interest rates and inflation. Chapters five through eight highlight the four basic sectors of the economy--businesses, households, the government, and the international arena--and how they interact. Featuring graphs and charts, a glossary and timeline, examples drawn from the popular press, and sources of current data and information, The National Economy will provide readers with the tools to understand and interpret economic events, conditions, policies, and issues.
LC Card Number: 2006001120
LCC Class: HC106
Dewey Class: 330
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