• 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 ...

Earnings of Professional Athletes
Earnings of professional athletes

One of the greatest challenges facing professional sports has been the rapid increase in earning power of professional athletes during the past quarter century. This challenge is likely to dominate the sports business landscape in the coming decades, especially as salaries and endorsements that have reached averages in the millions of dollars encounter an increasingly turbulent, complex, and transnational economy. But now, more than ever before, the income potential of professional athletes has significant implications for the relationship among sports, business, and society.

As professional sports became more organized during the twentieth century, professional athletes in all developed countries were increasingly paid several times the average worker's salary. But even the relatively high-paying jobs that persisted through the first ...

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