Macroeconomics in Context

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Starting off with a look at human well-being (which is used later as a measure of economic performance), this unique text covers standard macroeconomic models/topics with the extra dimension of looking at environmental sustainability and quality of life. Income distribution, job quality/matching, and underemployment are not well captured by U.S. unemployment statistics, but are dealt with here in some detail.
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About the author

Neva Goodwin is Co-Director of the Global Development And Environment Institute at Tufts University, USA and Co-Chair of the Board of the New Economics Institute.

Jonathan Harris is Senior Research Associate and Director, Theory and Education Program, Global Development and Environment Institute, Tufts University, USA.

Julie Nelson is Department Chair and Professor of Economics, University of Massachusetts Boston, USA.

Brian Roach is Research Associate, Theory and Education Program, Global Development and Environment Institute, Tufts University, USA.

Mariano Torras is Professor in the Department of Accounting, Finance and Economics, Adelphi University, USA.

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Additional Information

Publisher
M.E. Sharpe
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Published on
Nov 24, 2013
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Pages
528
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ISBN
9780765638762
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Language
English
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Genres
Business & Economics / Economics / Macroeconomics
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Content Protection
This content is DRM protected.
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Neva Goodwin
Principles of Economics in Context lays out the principles of micro- and macroeconomics in a manner that is thorough, up to date, and relevant to students, attuned to the economic realities of the world around them. It offers engaging treatment of important current topics such as new thinking in behavioral economics, financial instability and market bubbles, debt and deficits, and policy responses to the problems of unemployment, inequality, and environmental sustainability. This new, affordable edition combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro and macro analysis and application, with many up-to-date examples and extensive supporting web resources for instructors and students.

Key features include:

An eye-opening statistical portrait of the United States;

Clear explanation of basic concepts and analytical tools, with advanced models presented in optional chapter appendices;

Presentation of policy issues in historical, institutional, social, political, and ethical context--an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition;

Issues of human well-being, both domestic and global, are given central importance, enriching the topics and analytical tools to which students are introduced;

The theme of sustainability--financial, social, and ecological--is thoroughly integrated in the book, with chapters on alternatives to standard GDP measurement, the environment, common property, public goods, and growth and sustainability in the twenty-first century;

Full complement of instructor and student support materials online, including test banks and grading through Canvas.

Neva Goodwin
Jonathan Harris
Jonathan Harris demonstrates that the leaders of Stalin's Secretariat clashed sharply over the nature of the Communist party's 'leadership' of the Soviet state in the period between 1939 and 1948. The term 'party leadership' is generally misunderstood; it does not refer to the activities of the party as a whole, but to the efforts of its full time officials (the 'inner party') to direct the activities of the members of the party who manned the Soviet state (the 'outer party'). This study argues that A. Zhdanov and G. Malenkov, the two junior Secretaries of the CC/VKP(B) who directed the two major bureaucratic divisions of the Secretariat for most of the period under review, supported diametrically opposed conceptions of the leadership to be provided by the party's officials. A. Zhdanov argued that they should give priority to the ideological education of all members of the party and should allow the Communists who manned the state considerable autonomy in their administration of the five-year plans. In direct contrast, G. Malenkov, who directed the cadres directorate for most of the period under review, had little sympathy for ideological education and urged party officials to engage in close and detailed direction of the Communists who directly administered the five-year plans. This study contends that it is possible to illustrate this never-ending conflict by a careful examination of the public discussion of this issue in the various publications controlled by the major divisions of the Secretariat. When examined in conjunction with recently published archival materials, it is possible to pinpoint the linkages between the leadership conflict within the Secretariat, the shifts in the ongoing public discussion, and Stalin's role as the final arbiter in the dispute.
Jonathan Harris
Jonathan Harris demonstrates that the leaders of Stalin's Secretariat clashed sharply over the nature of the Communist party's 'leadership' of the Soviet state in the period between 1939 and 1948. The term 'party leadership' is generally misunderstood; it does not refer to the activities of the party as a whole, but to the efforts of its full time officials (the 'inner party') to direct the activities of the members of the party who manned the Soviet state (the 'outer party'). This study argues that A. Zhdanov and G. Malenkov, the two junior Secretaries of the CC/VKP(B) who directed the two major bureaucratic divisions of the Secretariat for most of the period under review, supported diametrically opposed conceptions of the leadership to be provided by the party's officials. A. Zhdanov argued that they should give priority to the ideological education of all members of the party and should allow the Communists who manned the state considerable autonomy in their administration of the five-year plans. In direct contrast, G. Malenkov, who directed the cadres directorate for most of the period under review, had little sympathy for ideological education and urged party officials to engage in close and detailed direction of the Communists who directly administered the five-year plans. This study contends that it is possible to illustrate this never-ending conflict by a careful examination of the public discussion of this issue in the various publications controlled by the major divisions of the Secretariat. When examined in conjunction with recently published archival materials, it is possible to pinpoint the linkages between the leadership conflict within the Secretariat, the shifts in the ongoing public discussion, and Stalin's role as the final arbiter in the dispute.
Jonathan M. Harris
Environmental issues are of fundamental importance, and a broad approach to understanding the relationship of the human economy and the natural world is essential. In a rapidly changing policy and scientific context, this new edition of Environmental and Natural Resource Economics reflects an updated perspective on modern environmental topics.

Now in its fourth edition, this book includes new material on climate change, the cost-competitiveness of renewable energy, global environmental trends, and sustainable economies. The text provides a balanced treatment of both standard environmental economics and ecological economics, based on the belief that these two approaches are complementary. Several chapters focus on the core concepts of environmental economics, including the theory of externalities, the management of public goods, the allocation of resources across time, environmental valuation, and cost-benefit analysis. Material on ecological economics includes such topics as macroeconomic scale, entropy, and "green" national accounting. Topical chapters focus on: energy; climate change; water resources; international trade; forests; fisheries; and agriculture, with an emphasis on designing effective policies to promote sustainability and a "green" economy.

Harris and Roach’s premise is that a pluralistic approach is essential to understand the complex nexus between the economy and the environment. This perspective, combined with its emphasis on real-world policies, is particularly appealing to both instructors and students. This is the ideal text for classes on environmental, natural resource, and ecological economics.

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