Highly accessible and relevant in today's economic environment, Economic Issues Today provides a unique approach to understanding what the practice of economics is all about. The authors cover fourteen current economic issues, providing for each an analysis and proposed solution from three different ideological perspectives: Conservative, Liberal, and Radical. Like its predecessors, the seventh edition of Economic Issues Today is written specifically for an undergraduate audience; it requires no background in economic analysis and avoids economic jargon in favor of plain, everyday language. The seventh edition has been updated to include current economic data. An instructor's manual with a test bank and discussion questions is available to professors who adopt this book. In addition, Power Point downloads are available as teaching aids.
I. Introduction: Alternative Economic Philosophies: A Survey of Conservative, Liberal, and Radical Critiques II. Problems in the Marketplace Issue 1: Responding to Market Outcomes: Competition or Protection for American Agriculture? Issue 2: Consumer Welfare: Is the Consumer Sovereign or Exploited? Issue 3: Dealing with Externalities: How Can We Save the Environment? Issue 4: Imperfect Competition: What Should Our Policy Toward Big Business Be? Issue 5: Economic Regulation: Has Deregulation Worked? Issue 6: Income Distribution: How Successful Will Be Our Experiment with Welfare Reform? Issue 7: Financing Government: What Is a Fair System of Taxation? III. Problems of Aggregate Economic Policy Issue 8: Macroeconomic Instability: Are We Depression-Proof? Issue 9: Economic Growth and Stability: An Active or a Passive Policy Approach? Issue 10: Balancing the Federal Budget: A Strengthening or a Weakening of the National Economy? Issue 11: Unemployment: Is Joblessness an Overrated Problem? Issue 12: Inflation: How Can We Best Maintain Price Stability? Issue 13: International Economics: Where Does America Fit into the New World Order? Issue 14: The Market Versus Planning and Controls: Which Strategy Works Better? IV. Conclusion