Can I read Modern Economic Issues on EtoBox?

Modern Economic Issues by Robert Whaples is a nonfiction available to read on EtoBox.

What is Modern Economic Issues about?

The course begins by explaining the“economic”approach to public policy making.If individual decision makers—buyers and sellers in households and businesses pursue their own self-interests, the forces of competition will often bring the market to the efficient level of output, as if guided by an “invisible hand.” Economists argue that markets should be left alone in such cases. Markets will fail in this goal under a range of circumstances, however, including cases where competition is weak, there are spillover effects, and economic agents are myopic; and market outcomes are often regarded as unfair by observers. In such cases, government has the capacity to improve on markets through taxes, subsidies, and regulations. We must acknowledge, however, that just because government intervenes in a market does not necessarily mean it will improve things; both the market and the government must be examined with a critical eye.Professor Robert Whaples is Professor of Economics and Chair of the Department of Economics at Wake Forest University.Professor Whaples was an undergraduate at the University of Maryland, College Park, where he earned a double B.A. in Economics and History in 1983. He

Who reads Modern Economic Issues?

Author

Robert Whaples

Publisher

The Teaching Company

Published

2007

Language

EN

Category

nonfiction

Subjects

Business, Others