Stephen Nathanson is Professor of Philosophy, Northeastern University.
If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession.
This updated edition walks you through the history, principles and theories of economics as well as breaking down all the complicated terminology, leaving you clued up on economics in no time.
Getting to grips – explore the science of economics and how people deal with scarcity
Keeping an eye on it – learn all about macroeconomics and how economists keep track of everything
Watch patterns emerge – understand why monitoring consumer behaviour is vital and all you need to know about microeconomics
Your recession guide – expert advice on recessions and a detailed look at why they occur
Open the book and find:
Why you should care about economics and how it affects you
Tools to help you understand a recession
A guide to seductive economic fallacies
All you need to know on monetary and fiscal policies
How supply and demand can be made easy
Why it's vital to track consumer choices
An in-depth look at a profit-maximising firm and the core of capitalism
Guidance on property rights and wrongs
Look through economic history and spot the trends
Understand micro- and macroeconomics
Get to grips with consumer behaviour and its influence on the economy
Spot the signs of a recession and see how economic decisions affect you
A look at how our current crises are caused by too much government, and how Ayn Rand's bold defense of free markets can help us change course.
The rise of the Tea Party and the 2010 election results revealed that tens of millions of Americans are alarmed by Big Government, but skeptical that anything can or will be done to stop the growth of the state. In Free Market Revolution, the keepers of Ayn Rand's legacy argue that the answer lies in her pioneering philosophy of capitalism and self-interest –a philosophy that more and more people are turning to for answers. In the past few years, Rand's works have surged to new peaks of popularity, as politicians like Paul Ryan, media figures like John Stossel, and businessmen like John Mackey routinely name her as one of their chief influences. Here, Brook and Watkins explain how her ideas can solve a host of political and economic ills, including the debt crisis, inflation, overregulation, and the swelling welfare state. And most important, they show how Rand's philosophy can enable defenders of the free market to sieze the moral high ground in the fight to limit government. This is a fresh and urgent look at the ideas of one of the most controversial figures in modern history – ideas that may prove the only hope for the future.
The practice, indeed, is recommended by considerations far too obvious to require a formal justification. Logic is a portion of the Art of Thinking: Language is evidently, and by the admission of all philosophers, one of the principal instruments or helps of thought; and any imperfection in the instrument, or in the mode of employing it, is confessedly liable, still more than in almost any other art, to confuse and impede the process, and destroy all ground of confidence in the result. For a mind not previously versed in the meaning and right use of the various kinds of words, to attempt the study of methods of philosophizing, would be as if some one should attempt to become an astronomical observer, having never learned to adjust the focal distance of his optical instruments so as to see distinctly.
Since Reasoning, or Inference, the principal subject of logic, is an operation which usually takes place by means of words, and in complicated cases can take place in no other way; those who have not a thorough insight into the signification and purposes of words, will be under chances, amounting almost to certainty, of reasoning or inferring incorrectly. And logicians have generally felt that unless, in the very first stage, they removed this source of error; unless they taught thei pupil to put away the glasses which distort the object, and to use those which are adapted to his purpose in such a manner as to assist, not perplex, his vision; he would not be in a condition to practise the remaining part of their discipline with any prospect of advantage. Therefore it is that an inquiry into language, so far as is needful to guard against the errors to which it gives rise, has at all times been deemed a necessary preliminary to the study of logic.
But there is another reason, of a still more fundamental nature, why the import of words should be the earliest subject of the logician’s consideration: because without it he cannot examine into the import of Propositions. Now this is a subject which stands on the very threshold of the science of logic.
The object of logic, as defined in the Introductory Chapter, is to ascertain how we come by that portion of our knowledge (much the greatest portion) which is not intuitive: and by what criterion we can, in matters not self-evident, distinguish between things proved and things not proved, between what is worthy and what is unworthy of belief. Of the various questions which present themselves to our inquiring faculties, some receive an answer from direct consciousness, others, if resolved at all, can only be resolved by means of evidence. Logic is concerned with these last. But before inquiring into the mode of resolving questions, it is necessary to inquire what are those which offer themselves; what questions are conceivable; what inquiries are there, to which mankind have either obtained, or been able to imagine it possible that they should obtain, an answer. This point is best ascertained by a survey and analysis of Propositions.