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The underlying theme of the book, as Landsburg states on the first page, is that "[m]ost of economics can be summarized in four words: People respond to incentives." With this apparently innocuous observation, Landsburg discusses some unexpected effects of various policies such as automobile safety legislation and environmental policies.
[17] The Peabody Journal of Education called Economics in One Lesson "[o]ne of the best books published on practical everyday economic." [18] Nobel Prize laureate Milton Friedman stated: "Hazlitt's explanation of how a price system works is a true classic: timeless, correct, painlessly instructive."
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(The Center Square) – Although consumer sentiment, as measured by the University of Michigan Surveys of Consumers, remains much lower than it was before the pandemic, it is finally on an upward ...
Foundations of Real-World Economics: What Every Economics Student Needs to Know is a 2019 book by John Komlos [1] in which the author argues that the turbulence of the 21st century, including the Dot-Com bubble, the 2008 financial crisis, the rise of right-wing populism, covid-pandemic, and numerous wars, cannot be adequately understood with conventional 20th-century economic thinking.
(The Center Square) – The Federal Reserve lowered the target for the federal funds rate by another quarter point last week while signaling fewer rate cuts in 2025 than previously anticipated.
Description: In this book, Keynes put forward a theory based upon the notion of aggregate demand to explain variations in the overall level of economic activity, such as were observed in the Great Depression. The total income in a society is defined by the sum of consumption and investment; and in a state of unemployment and unused production ...
Goldman Sachs Economic Research estimates that long-term tariffs on imports from Canada and Mexico could raise core inflation – measured by the PCE – by 0.7% and reduce economic growth by 0.4%.