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Macroeconomics: Private and Public Choice

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by James D. Gwartney & Richard Stroup
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Macroeconomics: Private and Public Choice by James D. Gwartney & Richard Stroup

Macroeconomics: Private and Public Choice discusses the principle of macroeconomics, particularly government expenditure, taxation, public choice theory, and labor markets. The book also covers aggregate supply, fiscal policy, inflation, unemployment, traditional Keynesian theory, low productivity, rapid inflation. The text explains international economics and comparative systems such as the export-import link, export taxes, and foreign finance. It analyzes the existence of trade barriers as being due to domestic protectionism policies, special interest nature of trade restrictions, and economic illiteracy. The book examines the economics of government failure, namely, the collective decision-making process as being both beneficial and limited of public sector economic action. Among the reasons cited for government failure are voter ignorance, inefficient public policy, existence of special interests, imprecise knowledge of consumer preferences, as well as government shortsightedness. The book also examines why government intervention in some activities can be beneficial, for example, weak market competition or monopoly, uninformed consumers, and when conditions of external benefits can be achieved. Economists, sociologists, professors in economics, or policy makers involved in economic and rural development will find the text valuable.

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Ebook Details
Pages: 567
Size: 185.8 MB
Publisher: Academic Press
Date published:   2014
ISBN: 9781483214054 (DRM-PDF)

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This product is listed in the following categories:

Nonfiction > Political Science > Economic Conditions
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Business & Economics > Reference
Nonfiction > Business & Economics > Economics
Nonfiction > Social Science
Nonfiction > Political Science > Economic Conditions
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Personal Finance

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