Economics and the Economy

Peter Dorman

Chapter 1 in Microeconomics, 2014, pp 3-8 from Springer

Abstract: Abstract It would not be easy to avoid all discussion of economics in twenty-first century America. You would have to keep your distance from television, radio and newspapers, not to mention casual conversations on the job, over a beer, or at a family gathering. In fact, our society is saturated with economics, reflecting the great power that economic events have over our lives, even though the forces that produce them are often mysterious. Economics is like the weather, only more so: all around us, obviously important, subject to prediction but only slightly to control.

Keywords: Minimum Wage; Free Market; Economic Outcome; Economic Behavior; Casual Conversation (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-37434-0_1

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