The Economic Way of Thinking

The Economic Way of Thinking

3.99 (116 ratings by Goodreads)
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The text is designed primarily for a one semester survey course in general economics. It has also been successfully used in M.B.A. economics courses and in Master's courses in economic education.The Economic Way of Thinking develops the basic principles of micro- and macroeconomic analysis, and rigorously employs them as tools rather than ends unto themselves. This text introduces students to a method of reasoning; to think like an economist. It teaches students through example and application. It even teaches by showing students how not to think, by exposing them to the errors implicit in much popular reasoning about economic events.
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Product details

  • Paperback | 529 pages
  • 190.5 x 236.7 x 21.1mm | 839.16g
  • Pearson
  • United States
  • English
  • 10th edition
  • 0130608106
  • 9780130608109

Review quote

"I feel very positive about this revision. I liked The Economic Way of Thinking before and now I like it better." - Howard Swaine, Northern Michigan University (Has used Heyne since the first edition.)"It is a bit like Zen economics ... It is an excellent introduction to economics text that explains not only some of the technical aspects of economics (supply and demand, comparative advantage, marginal analysis, etc.) but also the social science dimensions of the discipline (and sometimes the philosophical and ethical aspects of the discipline). It uses language, as opposed to math or graphs, to convey the concepts. Heyne is very clever and the book is beautifully written. I think it stands in the first rank of introductory economics texts along with Samuelson and Alchain & Allen..." - Mark McNeil, Irvine Valley College, California"The strengths of this text are its intellectual approach-it seems to be written as a whole and not just a few principles chapters thrown together..." - James Swofford, University of Southern Alabama"The new authors have made a serious and successful attempt to maintain the comfortable narrative style of Heyne's previous editions. In my role as a teacher ... I am delighted with the direction of change as well as the reordering of chapters. From what I have seen of the Tenth Edition, there are discussions that are entirely appropriate for my audience and they are pitched at approximately the right level of reading skill and experiential background. - Joseph Fuhrig, Golden Gate University
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Table of contents

1. The Economic Way of Thinking. 2. Efficiency, Exchange, and Comparative Advantage. 3. Substitutes Everywhere: The Concept of Demand. 4. Opportunity Cost and the Supply of Goods. 5. Supply and Demand: A Process of Cooperation. 6. Supply and Demand: Issues and Applications. 7. Information, Middlemen, and Speculators. 8. Profit and Loss. 9. Competition and Monopoly. 10. Price Searching. 11. Competition and Government Policy. 12. The Distribution of Income. 13. Externalities and Conflicting Rights. 14. Markets and Government. 15. The Overall Performance of Economic Systems. 16. The Supply of Money. 17. Monetary and Fiscal Policies. 18. National Policies and International Exchange. 19. Employment and Unemployment. 20. Promoting Economic Growth. 21. Economic Performance and Political Economy. 22. The Limitations of Economics.
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Rating details

116 ratings
3.99 out of 5 stars
5 45% (52)
4 26% (30)
3 18% (21)
2 6% (7)
1 5% (6)
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