Rent 9780321303592 | The Economics Of Macro Issues | Miller, Roger LeRoy; Benjamin, Daniel K. @knetbooks.com

Summary Table of Contents

The Economics of Macro Issues, Second Edition, is the ideal source for thought-provoking, relevant readings for your principles of economics course. Written to engage students in the ongoing debate on national economics policies, The Economics of Macro Issues explains the economics of hot issues such as job outsourcing and the national deficit and invites the reader to draw his or her own conclusions.

Preface

PART ONE The Miracle of Economic Growth

(36)

1 Rich Nation, Poor Nation

(6)

(importance of institutions in promoting econom... MORE

2 Return of the Luddites: Technophobia and Economic Growth

(7)

(negative impact of fear of technology on economic growth)

3 The Dragon and the Tigers: Economic Growth in Asia

(21)

(causes and consequences of rapid growth in China)

4 Immigrants and Economic Growth 22

(role of immigration in economic growth)

5 Outsourcing and Economic Growth 28

(impact of competition and voluntary exchange on wealth)

PART TWO The Business Cycle, Unemployment, and Inflation

(42)

6 What's in a Word? Plenty, If It's the 'R' Word

(6)

(how a recession is defined and why we care)

7 The Case of the Disappearing Workers

(6)

(misleading measures of unemployment)

8 The Graying of the Workforce

(6)

(economics of the aging workforce)

9 The Problem with Deflation

(6)

(economic consequences of deflation)

10 The Problem with Inflation

(7)

(economic consequences of inflation)

11 The Futility of Price Controls

(9)

(economic consequences of price controls)

PART THREE Fiscal Policy

(42)

12 The Return of Big Government

(6)

(why government spending is growing so fast)

13 The Myths of Social Security

(7)

(it's not what government says it is, nor will it ever be)

14 Tax Cuts: When They Matter, When They Don't

(8)

(differing economic implications of cutting taxes in different ways)

15 Simplifying the Federal Tax System (Don't Hold Your Breath)

102

(7)

(why the tax system is complicated-and won't ever be simplified)

16 Raising the Debt Ceiling-What's a Few Trillion Dollars, More or Less?

109

(6)

(why the national debt is smaller than it seems)

17 Bad Accounting by Uncle Sam

115

(6)

(why the president's ten-year budget projections are always too rosy)

PART FOUR Monetary Policy and Financial Institutions

121

(32)

18 The Future of the Fed: New Economy versus Inflation Targeting

123

(5)

(perhaps the Fed's mission has changed. Should it?)

19 Monetary Policy and Interest Rates

128

(7)

(long- and short-term effects of monetary policy on interest rates)

20 Beating the Market

135

(6)

(why you can't beat the stock market, no matter how hard you try)

21 The Case against Cash

141

(5)

(why the use of cash is discouraged by the government)

22 Don't Worry: Your Deposits Are Insured

146

(7)

(economic implications of subsidized deposit insurance)

PART FIVE International Trade and Finance

153

(42)

23 The Opposition to Free Trade

155

(7)

(why people object to free international trade)

24 The $750,000 Job

162

(6)

(economic consequences of attempts to restrict free trade)

25 The Trade Revolution in Textiles

168

(7)

(why the textiles industry is once again moving)

26 The Trade Deficit

175

(8)

(it sounds bad and it looks ugly, but it's not necessarily either)

27 The Dollar Standard

183

(5)

(why the dollar is still the leading currency in the world)

28 The Euro: Promise and Peril

188

(7)

(why the euro exists and why it might not last)

Glossary

195

(10)

Selected References and Web Links

205

(10)

Index

215

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The Economics Of Macro Issues

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