Features
- Cover Type: Hard Cover
- Published by: McGraw-Hill Irwin; 17th edition January 2008
- Written in: English
- ISBN 10 Number: 0077250664
- ISBN 13 Number: 978-0077250669
- Shipping Information:
Reader Reviews
This review is from: Economics (Hardcover)
This is one of the worst entry-level that I have ever seen. It is badly organized. The material on Macroeconomics precedes the material on Microeconomics. It is out of date. Much of the content of this book consists of "Old Keynesian" economics of the 1950's that nobody- not even today's "New Keynesians"- believes in anymore. The authors briefly mention a few of the major changes in economic theory over the past thirty years, but do a poor job of explaining these new and dominant concepts. It is badly written. I have heard many students complain that it is a boring read, and that much of it is difficult to understand. It is unsophisticated and superficial. Its' muddled discussions lack depth, and fail to explore the subtleties of the faulty concepts it presents (this is the best things about this book). In short, this text is an embarrassment to the economics profession. The authors have failed to amend the content of their text in response to advances in economic theorizing, and continue to organize their text in accordance with the faulty and discredited Keynesian theories of the 1950's. If you must read this for a class, remember that its' content is as bad its' presentation.
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