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The Economics of Public Issues

ISBN: 9780321303493 | 0321303490
Edition: 15th
Format: Paperback
Publisher: Addison Wesley
Pub. Date: 1/1/2008

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SummaryTable of Contents
For thirteen editions, The Economics of Public Issues has sparked debate and discussion in economics classrooms, vividly illustrating for generations of students the power of economics as a tool for analyzing issues with which they are already familiar. This Fourteenth Edition offers provocative new topics to illustrate economic principles through a contemporary lens. The authors' clear presentation and straightforward applications make the study of economics entertaining and informative. The Economics of Public Issues is an essential source of engaging, relevant readings for a principles of economics course, and an excellent way to spark independent thinking and classroom discussions in political economy, public policy, and social issues courses.
Prefaceix
Part One The Foundations of Economic Analysis1(28)
1 Killer Airbags
4(6)
(how a government-mandated "safety device" has kill... MORE
2 Terrible Trade-off
10(7)
(when bureaucratic choices mean life for some people-and death for others)
3 Flying the Friendly Skies?
17(6)
(how safe is commercial air travel? How safe should it be?)
4 The Mystery of Wealth
23(6)
(why some nations are rich and others are poor)
Part Two Supply and Demand29(42)
5 Sex, Booze, and Drugs
32(8)
(the unintended-and often harmful-consequences of prohibiting voluntary exchange)
6 Expanding Waistlines
40(6)
(why Americans are getting heavier)
7 Is Water Different?
46(7)
(are "necessities" like water really like other goods?)
8 Slave Redemption in Sudan
53(5)
(how well-intentioned efforts to promote freedom can backfire)
9 Choice and Life
58(8)
(the economics behind the abortion debate)
10 Smoking and Smuggling
66(5)
(why taxes fuel interstate and international trade in bootleg cigarettes)
Part Three Alternative Rationing Systems71(28)
11 Bankrupt Landlords, from Sea to Shining Sea
74(7)
(when governments lower rents, tenants can suffer)
12 Rationing Health Care
81(7)
(the unpleasant consequences of trying to ignore scarcity)
13 The Effects of the Minimum Wage
88(4)
(how a "living wage" can ruin the lives of minority youngsters)
14 Heavenly Highway
92(7)
(how a simple market mechanism can eliminate traffic jams)
Part Four Market Structures99(34)
15 Give Me MP3 or Give Me Death
103(7)
(the real costs of 'free" music downloads)
16 Contracts, Combinations, and Conspiracies
110(6)
(why the NCAA and OPEC have more in common than four-letter names)
17 Coffee, Tea, or Tuition-Free?
116(6)
(who wins and who loses from price discrimination)
18 Keeping the Competition Out
122(6)
(when the government steps in, the competition steps out)
19 The Perils of Product Differentiation
128(5)
(it looks easy, but it's not)
Part Five Political Economy133(28)
20 Raising Less Corn and More Hell
136(8)
(how your tax dollars end up in farmers' pockets)
21 Killer Cars and the Rise of the SUV
144(5)
(why fuel economy kills)
22 Crime and Punishment
149(5)
(incentives matter-especially to criminals)
23 The Graying of America
154(7)
(America is getting older, and you will foot the bill)
Part Six Property Rights and the Environment161(38)
24 Frankenfoods
165(6)
(the perils and promises of genetically modified crops)
25 The Trashman Cometh
171(8)
(the costs and benefits of recycling)
26 Bye, Bye, Bison
179(8)
(why some species are endangered and others aren't)
27 Smog Merchants
187(6)
(how markets can reduce pollution)
28 Greenhouse Economics
193(6)
(the economics of global climate change)
Part Seven International Trade and Economic Prosperity199(28)
29 Free Trade, Less Trade, or No Trade?
202(6)
(if free trade is beneficial, why do people complain about it?)
30 The $750,000 Steelworker
208(6)
(the economic consequences of restricting international trade)
31 A Farewell to Jobs
214(6)
(why efforts to "save jobs" make us all poorer)
32 The Rise of the Dragon
220(7)
(does the rise of China spell the demise of America?)
Glossary227(6)
Selected References233(10)
Index243

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