In its third edition, Economic Literacy: Basic Economics with An Attitude, explains the logic, language, and worldview of economic theory, in a continuation of the engaging style that made earlier editions so accessible to the reader. While covering the fundamentals of the discipline, the author also includes a wide range of new material focusing on the structure, causes and results of the 'Great Recession'. From microeconomics and macroeconomics to the composition of international and domestic economies, Economic Literacy also makes the key distinction between economics as an academic discipline and the economy as a practical reality. Never grim, often witty, and frequently insightful into our turbulent financial times, Economic Literacy's third edition is a must for students of economics everywhere.
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Frederick S. Weaver is professor emeritus of economics and history at Hampshire College, and his two most recent books are Latin America in the World Economy: Mercantile Colonialism to Global Capitalism (2000) and Global and Local: Re-visioning the Area Studies Debate (2003) with Ali Mirsepassi and Amrita Basu. He has taught introductory economics for over forty years at five colleges and universities - public and private, large and small, high-wage and low-wage, lively and grim.Review:
Through this text, Weaver invites the beginning economics student to become an active participant rather than passive recipient in the study of mainstream economics. The standard model and its logic are clearly and thoroughly presented, yet Weaver does so with a degree of critical thinking and a touch of skepticism―"an attitude"―-that enable students to question and consider as they learn the conventional micro and macro principles. The text provides a firm foundation for further study of economics, for interdisciplinary work in the social sciences, particularly historical capitalism, political economy, and globalization, and, in its final chapter, demonstrates the applicability of these principles in addressing and assessing our current moment of world-wide economic instability. (Jeanne Hahn, The Evergreen State College)
Praise for the second edition: In this new edition , Weaver highlights the major economic concepts of micro- and macroeconomic principles at the undergraduate level. . . . The volume is written in a straightforward, nontechnical manner with notable historical context . . . An excellent read for those seeking a casual overview of introductory economics. Highly recommended. (CHOICE)
Praise for the Second Edition: Economic Literacy has provided my students with accessible information in a readable format. The author's additions on Social Security, tax reform, and other crucial issues will be a great contribution to my students' understanding of economics. I am looking forward to assigning the second edition. Thanks for a great text! (Avra J. Johnson, Minnesota State University, Mankato)
Praise for the Second Edition: Clear, concise, and witty enough to keep students reading, Economic Literacy is perfect for my politics courses in which basic economics is a necessary prerequisite rather than the focus of the class. (Alexandra Guisinger, University of Notre Dame)
Weaver (emer., Hampshire College) offers an updated (2nd ed., CH, Mar'07, 44-3973) and useful summary of the traditional principles of an economics college course. Using a first-person, conversational style, he covers many topics and hundreds of key terms....Recommended. (CHOICE)
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