"It is only by argument, by conflict if you like, that economics makes progress." John Maynard Keynes.
The Economic Conversation by Arjo Klamer, Deirdre McCloskey and Stephen Ziliak, is a groundbreaking new first-year undergraduate principles of economics textbook that does far more than teach the basic principles. It uses entertaining and insightful dialogues in the text to actively involve and engage students in the debates surrounding economic arguments.
The dialogues take the form of candid and lively conversations among the three authors and a group of student characters, who give voice to the kind of probing questions and insights made by real students as they grapple with this challenging subject for the first time. Through these conversations, students are memorably introduced to the assumptions, goals and values that underlie economic principles in a manner that actually shows them how to make economic arguments themselves.
Innovative pedagogical features, including technical workshops and concept checks interspersed throughout the text, ensure that students gain a firm grasp of the subject matter. These features, combined with the authors' clear and entertaining writing style, make this book an exceptionally accessible and engaging text that will inspire and excite students' interest.
The Economic Conversation is designed for full-year economics courses covering micro- and macroeconomic principles, but it is priced to be competitive with "split" editions, making it suitable for semester, quarter or modular courses in introductory microeconomics or macroeconomics.
For more information and for an introduction to the "conversation" please visit: http://theeconomicconversation.com/students.php
Preface to Students
Preface to Teachers
PART I: BEGINNING THE DIALOGUE
A First Look at Economics
Accounting for Rational Choice
The Invisible Hand: How Markets Work
Visible Hands in the Economy
PART II: BUYING AND SELLING PRODUCTS
A Closer Look at Demand and Supply: The Role of Elasticity
Consumer Values and Market Demand
Business Costs and Market Supply
Market Competition
Markets with One Seller: Monopoly
Between Competition and Monopoly
PART III: BUYING AND SELLING "INPUTS" FOR PRODUCTION
Buying Resources on the Margin
The Value of Labor in Smoothly Functioning Markets
Limitations on Competition in the Labor Market
The Markets for Land, Capital, and Entrepreneurship.
PART IV: MICROECONOMIC CONVERSATIONS
From Perfect to Imperfect: Externalities, Property Rights, and Imperfect Information
Public Choice and Finance
Alternative Economic Systems
Wealth and Poverty
Trade Among Nations
The Political Economy of Nature
PART V: MACROECONOMICS: ISSUES AND INSTITUTIONS
Macroeconomic Issues
National Accounting
The Financial Markets
PART VI: MACROECONOMIC ANALYSIS
Classical Economics: Focus on Supply
Keynesian Economics: Focus on Demand
The Keynesian Model: Multiplying and Accelerating
The Supply of Money
Money and the Economy
Producing and Pricing: The Supply Side
PART VII: MACROECONOMIC CONVERSATIONS
Inflation and Unemployment
Why Does the Economy Go Up and Down?
International Relations
The Wealth of Nations
Policy Making
PART VIII: PARTING WORDS
The Conversation of Economics
ARJO KLAMER is Professor of the Economics of Art and Culture at Erasmus University in Rotterdam, The Netherlands, and holds the world's only chair in the field of cultural economics. Prior to that, he taught for many years at several universities in the US, including Wellesley College and George Washington University.
DEIRDRE MCCLOSKEY is UIC Distinguished Professor of Economics, History, English, and Communication University of Illinois at Chicago, USA and Distinguished Professor in Philosophy and Art and Cultural Studies Erasmus University Rotterdam, The Netherlands.
STEPHEN ZILIAK holds graduate degrees in both Economics and the Rhetoric of the Social Sciences. He has taught at a number of universities, including Emory University and the Georgia Institute of Technology, USA, where in 2002 he was voted 'Faculty Member of the Year' and in 2003 'Most Intellectual Professor'. Ziliak is (with McCloskey) the author of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives. He is currently Professor of Economics at Roosevelt University, Chicago, Illinois.
Description
"It is only by argument, by conflict if you like, that economics makes progress." John Maynard Keynes.
The Economic Conversation by Arjo Klamer, Deirdre McCloskey and Stephen Ziliak, is a groundbreaking new first-year undergraduate principles of economics textbook that does far more than teach the basic principles. It uses entertaining and insightful dialogues in the text to actively involve and engage students in the debates surrounding economic arguments.
The dialogues take the form of candid and lively conversations among the three authors and a group of student characters, who give voice to the kind of probing questions and insights made by real students as they grapple with this challenging subject for the first time. Through these conversations, students are memorably introduced to the assumptions, goals and values that underlie economic principles in a manner that actually shows them how to make economic arguments themselves.
Innovative pedagogical features, including technical workshops and concept checks interspersed throughout the text, ensure that students gain a firm grasp of the subject matter. These features, combined with the authors' clear and entertaining writing style, make this book an exceptionally accessible and engaging text that will inspire and excite students' interest.
The Economic Conversation is designed for full-year economics courses covering micro- and macroeconomic principles, but it is priced to be competitive with "split" editions, making it suitable for semester, quarter or modular courses in introductory microeconomics or macroeconomics.
For more information and for an introduction to the "conversation" please visit: http://theeconomicconversation.com/students.php
Contents
Preface to Students
Preface to Teachers
PART I: BEGINNING THE DIALOGUE
A First Look at Economics
Accounting for Rational Choice
The Invisible Hand: How Markets Work
Visible Hands in the Economy
PART II: BUYING AND SELLING PRODUCTS
A Closer Look at Demand and Supply: The Role of Elasticity
Consumer Values and Market Demand
Business Costs and Market Supply
Market Competition
Markets with One Seller: Monopoly
Between Competition and Monopoly
PART III: BUYING AND SELLING "INPUTS" FOR PRODUCTION
Buying Resources on the Margin
The Value of Labor in Smoothly Functioning Markets
Limitations on Competition in the Labor Market
The Markets for Land, Capital, and Entrepreneurship.
PART IV: MICROECONOMIC CONVERSATIONS
From Perfect to Imperfect: Externalities, Property Rights, and Imperfect Information
Public Choice and Finance
Alternative Economic Systems
Wealth and Poverty
Trade Among Nations
The Political Economy of Nature
PART V: MACROECONOMICS: ISSUES AND INSTITUTIONS
Macroeconomic Issues
National Accounting
The Financial Markets
PART VI: MACROECONOMIC ANALYSIS
Classical Economics: Focus on Supply
Keynesian Economics: Focus on Demand
The Keynesian Model: Multiplying and Accelerating
The Supply of Money
Money and the Economy
Producing and Pricing: The Supply Side
PART VII: MACROECONOMIC CONVERSATIONS
Inflation and Unemployment
Why Does the Economy Go Up and Down?
International Relations
The Wealth of Nations
Policy Making
PART VIII: PARTING WORDS
The Conversation of Economics
Authors
ARJO KLAMER is Professor of the Economics of Art and Culture at Erasmus University in Rotterdam, The Netherlands, and holds the world's only chair in the field of cultural economics. Prior to that, he taught for many years at several universities in the US, including Wellesley College and George Washington University.
DEIRDRE MCCLOSKEY is UIC Distinguished Professor of Economics, History, English, and Communication University of Illinois at Chicago, USA and Distinguished Professor in Philosophy and Art and Cultural Studies Erasmus University Rotterdam, The Netherlands.
STEPHEN ZILIAK holds graduate degrees in both Economics and the Rhetoric of the Social Sciences. He has taught at a number of universities, including Emory University and the Georgia Institute of Technology, USA, where in 2002 he was voted 'Faculty Member of the Year' and in 2003 'Most Intellectual Professor'. Ziliak is (with McCloskey) the author of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives. He is currently Professor of Economics at Roosevelt University, Chicago, Illinois.
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