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Economics

by Arthur O'Sullivan Steven M. Sheffrin Grant Wiggins

NIMAC-sourced textbook

Economics

by Arthur O'Sullivan Steven M. Sheffrin Grant Wiggins

This two volume set reprints 28 papers on fiscal and monetary policy interpreted broadly enough to include such issues as the effects of government debt and intergenerational accounting. It emphasizes problems that are not specific to a particular country but are relevant for all developed market economies. Fiscal and Monetary Policy is divided into three parts; the first deals with the problems that are common to both fiscal and monetary policies; the second deals with fiscal policy and the third with monetary policy. Fiscal and Monetary Policy includes important articles on the effects of lags on the feasibility of stabilization policy, time inconsistency, the motivation of monetary and fiscal authorities, the Lucas critique, Ricardian equivalence, the choice of monetary targets, feedback rules, international aspects of monetary policy and the appropriate role of government in the monetary system.

Economics

by Arthur O'Sullivan Steven M. Sheffrin Grant Wiggins

This two volume set reprints 28 papers on fiscal and monetary policy interpreted broadly enough to include such issues as the effects of government debt and intergenerational accounting. It emphasizes problems that are not specific to a particular country but are relevant for all developed market economies. Fiscal and Monetary Policy is divided into three parts; the first deals with the problems that are common to both fiscal and monetary policies; the second deals with fiscal policy and the third with monetary policy. Fiscal and Monetary Policy includes important articles on the effects of lags on the feasibility of stabilization policy, time inconsistency, the motivation of monetary and fiscal authorities, the Lucas critique, Ricardian equivalence, the choice of monetary targets, feedback rules, international aspects of monetary policy and the appropriate role of government in the monetary system.

Economics: Principles in Action

by Arthur O'Sullivan Steven M. Sheffrin

NIMAC-sourced textbook

Economics: Principles in Action

by Arthur O'Sullivan Steven M. Sheffrin

This edition covers the topics on Introduction to Economics, Microeconomics and Macroeconomics, Business and Labor, Money, Banking and Finance, Government and the Economy, The Global Economy. Also contains The Wall Street Journal Classroom Edition, a supplemental educational program in which Articles are drawn directly from the pages of the daily Wall Street Journal. Personal Finance Handbook, Economic Atlas and Databank, Graphs and Charts, Economic Profiles are additional features of this book.

Economics: Principles in Action

by Steven M. Sheffrin Arthur O’sullivan

Economics: Principles in Action is a multi-dimensional program designed to help students of all abilities achieve fundamental understanding of core economic principles. Key concepts, based on the twenty content standards of the National Council on Economic Education (NCEE), are developed throughout the program and supported by a variety of activities to help students apply their new knowledge to the real world.

Economics: Principles in Action (California Edition)

by Arthur O'Sullivan Steven M. Sheffrin

Economics: Principles in Action is designed to meet every element of California's state standards for an Economics course of study. The material in the features found throughout the book is written to help you master the California standards.

Markets and Majorities

by Steven M. Sheffrin

America's government intervenes in almost every aspect of its citizens' daily lives. From the air we breathe, to our health, wealth, and security, Americans wade through a vast political ocean. Unfortunately, we do so blindly; few Americans understand how or why our government regulates the market mechanisms that surround us. In Markets and Majorities, Steven Sheffrin addresses essential yet overlooked questions about political intervention in economic spheres. Why should we trust the government to clean our air? How do we know what to define as clean? What kind of health insurance business will the government run? What are the dangers of publicly financed doctors? Sheffrin first explains traditional theories of market failure, used to justify intervention. He then combines the crucial question of political viability with the fascinating particulars of policy histories. Sheffrin applies such analysis to the areas of health care, social security, environmental policy, product liability, trade policy, and fiscal and budgetary policy. He argues that beneath each area lies a unique calculus of market failure and political pressures, and convincingly demonstrates that no single policy can be understood out of economic and political context. In short, the fact that markets may fail does not guarantee that politics will succeed. By examining both sides of each policy area, Sheffrin's careful review of our national policy-making reveals a minefield where, in many cases, politics cannot help but fail as badly as markets. However, he shows that all is not lost, citing, among other examples, political intervention in the medical industry as the only hope of stopping hospitals from competitive purchases of useless technology. Markets and Majorities is must reading for anyone who has ever wondered why government just can't seem to get things done, as well as anyone who has asked why it should try in the first place.

Prentice Hall Economics: Principles in Action

by Arthur O'Sullivan Steven M. Sheffrin

The study of economics begins with the idea that people cannot have everything they need and want. A need is something like air, food, or shelter that is necessary for survival. A want is an item that we desire but that is not essential to survival.

Prentice Hall Economics Principles in Action 2005

by Arthur O'Sullivan Steven M. Sheffrin

The choice you will make is rooted in economics. At its core, economics is the study of how people choose to use their limited resources. In this unit you'll read more about the tools that economics offers to help you make decisions as a buyer, seller, worker, and citizen.

Prentice Hall Economics: Principles in Action (Texas edition)

by Arthur O'Sullivan Steven M. Sheffrin

High School) Economics: Principles in Action is a multi-dimensional program designed to help students of all abilities achieve fundamental understanding of core economic principles. Key concepts, based on the twenty content standards of the National Council on Economic Education (NCEE), are developed throughout the program & mash; through text, graphics, transparencies, videos, and online resources & mash; and supported by a variety of activities to help students apply their new knowledge to the real world.

Tax Fairness and Folk Justice

by Steven M. Sheffrin

Why have Americans severely limited the estate and gift tax - ostensibly targeted at only the very wealthy - but greatly expanded the subsidies to low-wage workers through the Earned Income Tax Credit, now the single largest poverty program in the country? Why do people hate the property tax so much, yet seemingly revolt against it only during periods of economic change? Why are some groups of taxpayers more obedient to the tax authorities than others, even when they face the same enforcement regime? These puzzling questions all revolve around perceptions of tax fairness. Is the public simply inconsistent? A sympathetic and unified explanation for these attitudes is based on understanding the everyday psychology of fairness and how it comes to be applied in taxation. This book demonstrates how a serious consideration of "folk justice" can deepen our understanding of how tax systems actually function and how they can perhaps be reformed.

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