Publisher's Synopsis
"The strengths of our text are clarity, emphasis on the economic way of thinking, and application in the real world. We think understanding of a few basic concepts--for example, opportunity cost, gains from trade, role of property rights, the operation of markets, and importance of monetary and price stability--and ability to apply this knowledge is central to the principles of economics course. We apply basic concepts again and again and use them to explain political, as well as market, behaviour. Throughout, we use examples and actual data to re-enforce the concepts and test the alternative theories. More than rival texts, our text relates to the happenings and the real world and enhances the student's understanding of those events."--Jim Gwartney
