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This book is an attempt to explain to the layperson what contemporary economics is about. It starts on the assumption that most economics is just refined common sense and clearly explains the key ideas associated with each issue. All the main topics of academic economics are con…
Explaining to the layperson what contemporary economics is about, this book starts on the assumption that most economics is just refined common sense, and explains the key ideas associated with each issue. It also contains an annotated list of books and articles, broken down by …
Among the theoretical issues covered in this volume are the ""economic"" and the ""axiomatic"" or ""test"" approaches to the problem of constructing and choosing among alternative cost-of-living index formulas; ""bounds"" and ""econometric"" alternatives for developing empirical…