• Summary
  • Contents
  • Subject index

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful ...

World Development in Historical Perspective
World development in historical perspective

Since the end of World War II, the world economy has been transformed from a devastated and fragmented assortment of national economies primarily engaged in producing a low level of basic commodities for local consumption into a unified set of product, factor, and financial markets of global dimensions generating a tremendous volume and variety of goods and services supporting a much higher level of living for the world's population. The combination of high population growth, a brisk pace in capital formation, ever widening markets, and accelerating technological advances led to a rapid rise in production with corresponding large-scale changes in productive structures and patterns of international trade. More than a half century after this transformation began, ...

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