In the table of contents below, underscored entries will take you to a section of the book where we invite you to grace us with your criticism and advice in the comment box that sits alongside each page. Highlighted sections contain student-teacher dialogues, an important part of the conversational approach used in the textbook. The representative "students" in these dialogues are modeled on the combined teaching experience — some 80 years! — of the authors. Here too, we invite you to critique the dialogues by writing in the comment box that appears on each page.
"... [T]he style of most textbooks ... is usually so single-voiced and authoritarian that students are left without a voice. Little wonder they're bored." ~~~ From Preface to Teachers
PART I. BEGINNING THE CONVERSATION
PART II. BUYING AND SELLING PRODUCTS
- Chapter 6. Consumer Values and Market Demand
- Chapter 7. The Business Enterprise
- Chapter 8. How Large is Large? Supply in the Short- and Long-Run
- Chapter 9. Supply and Demand in Competitive Markets
- Chapter 10. Markets with One Seller: Monopoly
- Chapter 11. Between Competition and Monopoly
PART III. BUYING AND SELLING "INPUTS" FOR PRODUCTION
- Chapter 12. Buying Resources on the Margin
- Chapter 13. The Value of Labor in Smoothly Functioning Markets
- Chapter 14. Limitations on Competition in the Labor Market
- Chapter 15. The Markets for Land, Capital, and Entrepreneurship
PART IV. MICROECONOMIC CONVERSATIONS
Chapter 17. Public Finance and the Social Security Debate
Chapter 18. Wealth and Poverty
Chapter 19. The Political Economy of Nature
PART V. MACROECONOMICS: ISSUES AND INSTITUTIONS
- Chapter 24. National Income Accounting
- Chapter 25. The Financial Markets
PART VI. MACROECONOMIC ANALYSIS
- Chapter 26. Classical Economics: Focus on Supply
- Chapter 27. Keynesian Economics: Focus on Demand
- Chapter 28. The Keynesian Model: Multiplying and Accelerating
- Chapter 29. The Supply of Money
- Chapter 30. Money and the Economy
- Chapter 31. Producing and Pricing: The Supply Side
PART VII. MACROECONOMIC CONVERSATIONS
- Chapter 32. Inflation and Unemployment
- Chapter xx. Why Does the Economy Go Up and Down?
- Chapter xx. International Relations
- Chapter xx. The Wealth of Nations
PART VIII. PARTING WORDS