The Economy Today

This undergraduate economics text combines theoretical principles with real-world events, and uses examples from journals and newspapers to complement its real-world focus. The text is developed around the central theme of government versus market reliance, and integrates coverage of the Keynesian framework model into the AS/AD framework. There are chapters on short-run determinants and m=long-run possibilities for productivity and growth. Numerous examples from the Cuban economy are used to highlight the problems of communism and to outline a pending transition.