Overview
Like other conventional economic textbooks, the Economic Way of Thinking teaches major concepts in micro and macro economics (such as supply and demand, inflation, GDP, etc.) but teaches them in a much more engaging way -- not just a collection of facts, definition of terms or concepts, etc. Heyne, Boettke, and Prychitko's book, The. The Economic Way of Thinking by Paul L. Notes: This listing is for (The Economic Way of Thinking, 12th Edition). This edition is very similar to ISBN which is the most current updated edition. Please be sure to buy the earlier and much cheaper edition for your class and SAVE MONEY on your textbook expenses! We personally.
Ideal for those with little or no background in economics, this book provides an in-depth discussion of a limited, but crucial set of economic principles and concepts--then applies these tools of analysis to a wide variety of familiar situations. It presents conceptually demanding material in an informal, lively, often witty fashion and prepares readers to be able to clarify, systematize, and make sense out of the economic 'news' and 'views' they encounter everyday in newspapers, political messages, etc. It covers sophisticated--but simple--economic theory and features extended applications that challenge customary ways of thinking. The Economic Way of Thinking. Substitutes Everywhere: The Concept of Demand. Opportunity Cost and the Supply of Goods. Supply and Demand: A Process of Cooperation. Supply and Demand: Issues and Applications. Efficiency, Exchange, and Comparative Advantage. Information, Middlemen, and Speculators. Price Setting and the Question of Monopoly. Price Searching. Competition and Government Policy. Profit. The Distribution of Income. Externalities and Conflicting Rights. Markets and Government. The Overall Performance of Economic Systems. The Supply of Money. Monetary and Fiscal Policies. National Policies and International Exchange. Employment and Unemployment. Promoting Economic Growth. Economic Performance and Political Economy. The Limitations of Economics. For anyone wanting an accessible introduction to economic principles and their application to everyday situations.
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Ideal for those with little or no background in economics, this book provides an in-depth discussion of a limited, but crucial set of economic principles and concepts--then applies these tools of analysis to a wide variety of familiar situations. It presents conceptually demanding material in an informal, lively, often witty fashion and prepares readers to be able to clari..more
Published January 1st 1980 (first published 1973)
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Rating details
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Feb 07, 2019Mariam rated it did not like it · review of another edition
ამაზე მეტად ფიზიკურად ვერ შემზიზღდება წიგნი და ვერც საკუთარი თავი, ამის მეორედ წაკითხვა რომ მომიწია. IMENA NAXVAMDIS
Nov 25, 2007Angela rated it it was amazing · review of another editionRecommends it for: anyone who'd like to figure out what the whole 'economics' thing is about, really
Can't believe I'm giving five stars to a textbook! But then again, I can't remember ever actually reading a textbook through, start to finish. This book really was amazingly well written, insightful, and informative. n.b: it is written to a freshman-in-college level audience, but that mostly shows up in some of the examples used. I think I would have read it even if I hadn't had to!
Mar 09, 2013Marek Svoboda rated it it was amazing · review of another edition
The best textbook of ANYTHING I ever read - in other words, not only valuable in content but the very best in methodology and approach. Stimulates thinking about economy and in general.
May 20, 2018Aza rated it it was amazing · review of another edition
GREAT BOOK!
It was kind of a review of all my four year courses in Economics & Finance.
The point of view to the governmental politics, people's opinions about country's economics is wonderfully illustrated.
I read in Russian, and the translation wasn't the best, as most of the economic terms are better understood in English.
The book is mainly for american economy, however, the logic is irrefutable for any economy.
Really loved the book. My sincere gratitude to the author!
It was kind of a review of all my four year courses in Economics & Finance.
The point of view to the governmental politics, people's opinions about country's economics is wonderfully illustrated.
I read in Russian, and the translation wasn't the best, as most of the economic terms are better understood in English.
The book is mainly for american economy, however, the logic is irrefutable for any economy.
Really loved the book. My sincere gratitude to the author!
Oct 05, 2017Tornike Bratchuli rated it liked it · review of another edition
5 ვარსკვლავი არ ეყოფა ამას :(((
Aug 16, 2014Fiddlinmike rated it really liked it · review of another edition
This is an economics textbook that actually teaches something useful. There are some charts and graphs, but the main focus is to develop a thought process, not to present vocabulary and formulas to memorize. The first half of the book focuses on basic human interactions that define 'economics' using simple examples. Armed with that understanding, the reader moves to the second half to understand more 'macro' issues that will be familiar to anyone who pays attention to national news. The concepts..more
Feb 11, 2014Paul Bard rated it it was amazing · review of another edition
'The Economic Way of Thinking' is THE best piece of economic writing. In five pages Heyne gives a WHOLE SEMESTER of knowledge. The language is transparent like no other economist's has ever been.
Theologian and economist Paul Heyne selects five concepts as doorways into economics: economizing actions, marginal decisions, opportunity costs, interactions between economizers, and markets and prices.
The essay and other words by the author are available at the Online Library of Liberty: oll.libertyfun..more
Theologian and economist Paul Heyne selects five concepts as doorways into economics: economizing actions, marginal decisions, opportunity costs, interactions between economizers, and markets and prices.
The essay and other words by the author are available at the Online Library of Liberty: oll.libertyfun..more
Jul 06, 2013John rated it it was amazing · review of another edition
I always used to want to write my ideal economics textbook. Then I read this book and realised that Heyne, Boettke, and Prychitko had already written it. Clear enough in its exposition to be accessible to the general reader whose interest in economics might have been piqued by something like Freakonomics, and heterogeneous enough in its outlook to interest and challenge a well read but orthodox economist, this is one of the best books on the subject I've ever read.
Apr 10, 2013Eugene rated it really liked it · review of another edition
Эта книга познакомила меня с экономикой, как с наукой о процессах, происходящих в обществе. Она убедительно рассказывает о том, что само собой сложившиеся вещи складываются по определённым законам. А осознание этих законов позволяют предсказывать будущее. Давно прочитал страниц двести и отложил, а недавно понял, что теперь про экономику мне надо читать уже другие книги: либо более свежие, либо классические труды.
Aug 07, 2010Lisa rated it it was amazing · review of another edition
This book opened my eyes and changed my life for the better. Once you understand basic economic concepts, it is much easier to discern which politicians are telling you the hard truth about your economy, and which ones are saying what people want to hear in order to get themselves elected. Every voter who wants to be informed should understand economics (the basics, because it is a big complicated field of study) and this is a great book to start with.
Mar 25, 2016Yilin Wong rated it it was amazing · review of another edition
Just read the review and realized that this is a textbook =_=||
But it's very interesting book to read even just for recreational purposes. Although I'll highly recommend to take some notes while reading.
But it's very interesting book to read even just for recreational purposes. Although I'll highly recommend to take some notes while reading.
Oct 12, 2009Trent Rock rated it really liked it · review of another edition
This a pretty good book for a general overview of economics.The author has a witty style and uses great real life examples..If you read it cover to cover I think you should have a pretty good grasp of the dismal science..
Sep 28, 2013Tina rated it it was ok · review of another edition
ტვინის ჭმა :v
Jul 04, 2012Tista Kundu marked it as to-read · review of another edition
Yet to read this book
Apr 29, 2015Zachary Holter rated it really liked it · review of another edition
Elena Talygina rated it it was amazing
Feb 14, 2018
Feb 14, 2018
Austen Erickson rated it really liked it
Feb 04, 2017
Feb 04, 2017
Konstantin Trunin rated it it was amazing
Jun 16, 2018
Jun 16, 2018
Darin Chambers rated it it was amazing
Nov 21, 2011
Nov 21, 2011
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The Economic Way Of Thinking
Paul T. Heyne was a professor in economics at the University of Washington, Seattle, United States.