Synopsis
This completely revised and updated edition of Norman Frumkin's acclaimed work offers vital information for the urgent growing debate on the state of the nation's economy. Frumkin makes complex ideas and statistical data accessible to people without special training in economics. His goal in this book is to provide a better understanding of the performance of the American economy, and a basis for evaluating proposals intended to influence its future course. Using data current through the first half of 2003, Frumkin focuses on the meaning and use of a wide array of indicators of economic growth, employment, wages, productivity, investment, saving, and finance in assessing the current state of the U.S. economy and forecasting future developments. Equally useful for economists, students, investors, journalists, and anyone concerned with the economy, this totally revised edition includes detailed coverage of many important new topics, such as terrorism's impact on the economy, federal debt and interest rates, job openings and unemployment, government spending and taxes, the 2001 recession, and more.
From Library Journal
Every day, government and private sources make a bewildering array of data available on GNP, industrial production, capacity utilization, money supply, productivity, and CPI. Most people do not understand what these indicators signify nor how they relate to each other, and textbooks usually deal with these concepts only in passing. Frumkin explains in lay language the main characteristics of the indicators and their uses. His book is jargon-free and serves as a good introduction to a complex subject. Recommended for academic and public libraries. M. Balachandran, Univ. of Illinois Lib., Urbana-Champaign
Copyright 1988 Reed Business Information, Inc.
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