Ebook: Basic economics : a citizen's guide to the economy

Outlines the principles behind each major type of economy including capitalist, socialist, and feudal, in terms of the incentives each creates. What is economics? -- pt. I. Prices and markets. The role of prices ; Price controls ; An overview --pt. II. Industry and commerce. The rise and fall of business ; The role of profits-- and losses ; Big business and government ; An overview -- pt. III. Work and pay. Productivity and pay ; Controlled labor markets ; An overview -- pt. IV. Time and risk. Investment and speculation ; Risks and insurance ; An overview -- pt. V. The national economy. National output ; Money and the banking system ; The role of government ; An overview -- pt. VI. The international economy. International trade ; International transfers of wealth ; An overview-- pt. VII. Special economic issues. 'Non-economic' values ; Myths about markets ; Parting thoughts This is the revised and enlarged edition of a new kind of introduction to economics for the general public-without graphs, statistics, or jargon. In addition to being updated, Basic Economics has also become more internationalized by including economic problems from more countries around the world, because the basic principles of economics are not confined by national borders. While most chapter titles remain the same, their contents have changed considerably, reflecting the experiences of many different peoples and cultures