9781429239974

Modern Principles of Economics

Tyler Cowen, Alex Tabarrok

ISBN 10: 1429239972 / 1-4292-3997-2
ISBN 13: 9781429239974
Publisher: Worth Publishers
Publication Date: 2011-12-05
Binding: Hardcover
Editorial Reviews:
Synopsis:

From the authors: "See the Invisible Hand. Understand Your World." That's the tagline of "Modern Principles" and our teaching philosophy. Nobel laureate Vernon Smith put it this way: "At the heart of economics is a scientific mystery... a scientific mystery as deep, fundamental and inspiring as that of the expanding universe or the forces that bind matter... How is order produced from freedom of choice?" We want students to be inspired by this mystery and by how economists have begun to solve it. Thus, we show how markets interconnect and respond in surprising ways to changes in resources and preferences. Consider, for example, how markets respond to a reduction in the supply of oil. Of course, the price of oil increases giving consumers an incentive to use less and suppliers an incentive to discover more. But an increase in the price of oil also encourages Brazilian sugar cane farmers to devote more of their production to ethanol and less to sugar thereby driving up the price of sugar. An increase in the price of sugar means a reduction in the quantity of candy demanded. So one way the market responds to a reduction in the supply of oil is by encouraging consumers to eat less candy! In analyses like this, we teach students to see the invisible hand and in so doing to understand their world. Similarly, we offer a unique and simple proof of the amazing invisible hand theorem that without any central direction competitive markets allocate production across firms in a way that minimizes aggregate costs! To understand their world students must understand when self-interest promotes the social interest and when it does not. Thus, "Modern Principles" has in-depth analyses of externalities, public goods, and ethical issues with market incomes and trade. Moreover, we always discuss economic theory in the context of real world problems such as the decline of the ocean fisheries, climate change, and the shortage of human organs for transplant.


 
Customers Who Bought This Item Also Bought:

Auditing and Assurance Services (14th Edition)
Alvin A. Arens, Randal J. Elder, Mark S. Beasley

The Economics of Public Issues (18th Edition)
Roger Le Miller, Daniel K. Benjamin, Douglass C. North

The Economics of Macro Issues (6th Edition) (The P...
Roger Le Miller, Daniel K. Benjamin

Finite Math and Applied Calculus
Stefan Waner, Steven Costenoble

Modern Principles of Economics: Search Results

1.
Modern Principles of Economics (ISBN: 1429239972 / 1-4292-3997-2)
Cowen;
Bookseller: Bargain Barn Books (Kansas City, MO, U.S.A.)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Hardcover. Book Condition: New. Brand new! INSTRUCTOR'S REVIEW COPY. Same as student edition on inside pages. Very fast shipping! Free delivery confirmation. Bookseller Inventory # ABB137

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 89.17
Convert Currency
Shipping: US$ 3.49
Within U.S.A.
2.
Modern Principles of Economics, by Cowen, 2nd Edition (ISBN: 1429239972 / 1-4292-3997-2)
Cowen
Bookseller: Alabooks (Birmingham, AL, U.S.A.)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Hardcover. Book Condition: New. Complimentary hardcover 2nd by Cowen. Bookseller Inventory # 095949

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 99.99
Convert Currency
Shipping: US$ 3.99
Within U.S.A.
3.
Modern Principles of Economics (ISBN: 9781429239974)
Cowen, Tyler, Tabarrok, Alex
Bookseller: FamilyTextbooks (San Jose, CA, U.S.A.)
Bookseller Rating: 3-star rating
Quantity Available: 1

Book Description: Worth Publishers. Hardcover. Book Condition: New. Second Edition. TEXTBOOK ONLY - NO ADDITIONAL MATERIALS / Fastest Shipping / Best Conditions / Your Solution To All Your TextBOOK Needs. Bookseller Inventory # FTB-9781429239974-11

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 139.99
Convert Currency
Shipping: US$ 3.99
Within U.S.A.
4.
Modern Prin: Economics (ISBN: 1429239972 / 1-4292-3997-2)
Cowen
Bookseller: textbooksNow (Aurora, IL, U.S.A.)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Worth Publishing Company, 2013. Book Condition: New. 2nd Edition. 2nd Edition-Inventory subject to prior sale. Expedited orders cannot be sent to PO Box. Bookseller Inventory # 5532824N15112361

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 194.20
Convert Currency
Shipping: US$ 3.00
Within U.S.A.
5.
Modern Principles of Economics Format: Hardback (ISBN: 1429239972 / 1-4292-3997-2)
Cowen Tyler
Bookseller: Indoo (Avenel, NJ, U.S.A.)
Bookseller Rating: 4-star rating
Quantity Available: > 20

Book Description: MacMillan Publishers. Book Condition: New. Brand New. Bookseller Inventory # 1429239972

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 241.57
Convert Currency
Shipping: US$ 3.50
Within U.S.A.
6.
Modern Principles of Economics (ISBN: 9781429239974)
Cowen, Tyler and Tabarrock, Alex
Bookseller: Paperbackshop-US (Secaucus, NJ, U.S.A.)
Bookseller Rating: 5-star rating
Quantity Available: 3

Book Description: Worth Pub, 2011. Hardback. Book Condition: New. New Book. Shipped from US. Bookseller Inventory # KS-9781429239974

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 249.52
Convert Currency
Shipping: US$ 3.99
Within U.S.A.
7.
Modern Principles of Economics (Hardback) (ISBN: 9781429239974)
Tyler Cowen, Alex Tabarrock
Bookseller: The Book Depository US (Gloucester, ., United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Worth Publishers Inc.,U.S., United States, 2012. Hardback. Book Condition: New. 2nd Revised edition. 276 x 216 mm. Brand New Book. Engaging authors, unbiased presentations of essential ideas, and a knack for revealing the invisible hand of economics at work inform the thoroughly updated new edition of Modern Principles, drawing on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life. Bookseller Inventory # AAC9781429239974

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 263.21
Convert Currency
Shipping: US$ 0.00
From United Kingdom to U.S.A.
8.
Modern Principles of Economics (Hardback) (ISBN: 9781429239974)
Tyler Cowen, Alex Tabarrock
Bookseller: The Book Depository (Gloucester, UK, United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Worth Publishers Inc.,U.S., United States, 2012. Hardback. Book Condition: New. 2nd Revised edition. 276 x 216 mm. Brand New Book. Engaging authors, unbiased presentations of essential ideas, and a knack for revealing the invisible hand of economics at work inform the thoroughly updated new edition of Modern Principles, drawing on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life. Bookseller Inventory # AAC9781429239974

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 274.36
Convert Currency
Shipping: US$ 0.00
From United Kingdom to U.S.A.
9.
Modern Principles of Economics (ISBN: 1429239972 / 1-4292-3997-2)
Cowen, Tyler; Tabarrok, Alex
Bookseller: Russell Books (Victoria, BC, Canada)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Worth Publishers. Hardcover. Book Condition: New. 1429239972 Special order direct from the distributor. Bookseller Inventory # ING9781429239974

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 303.24
Convert Currency
Shipping: US$ 4.99
From Canada to U.S.A.
10.
Modern Principles of Economics (ISBN: 1429239972 / 1-4292-3997-2)
Cowen, Tyler
Bookseller: Revaluation Books (Exeter, DEV, United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 3

Book Description: Worth Pub, 2011. Hardcover. Book Condition: Brand New. 2nd edition. 794 pages. 11.00x8.50x1.50 inches. In Stock. Bookseller Inventory # z-1429239972

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 322.14
Convert Currency
Shipping: US$ 10.07
From United Kingdom to U.S.A.
View All Listings for this Book