The authors examine the progress of six countries (Bulgaria, Czech Republic, Estonia, Hungary, Russia and Slovakia) in terms of each country's history and its successful application of the five reforms. Anyone interested in how capitalism works and why pro-market reforms encounter resistance in spite of their potential for generating higher living standards will find this book essential reading."--BOOK JACKET.
Understanding Economics Today focuses on vital issues pertinent to current and perspective participants in the U.S. and global economy. This popular long-tested text applies basic economic reasoning to build understanding of how our complex commercial society operates. Economic principles, both micro and macro, are learned through repeated applications to real world events. The emphasis on the power of economic reasoning, rather than laborious technical jargon, positively motivates both students and teachers.
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