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Freedom, Opportunity, and Security is a book on government economic
policy which will have some appeal to both sides of the political
divide. The book starts from basic principles to develop the case
for a free economy, and then presents the case for policies to
provide opportunity and security. However, all policies are subject
to the reality constraint that the average real wage equals the
average level of productivity. Downing's incisive analysis
considers many questions in regard to economic policy. For
instance, why Keynesians are right that aggregate demand
stabilization is crucial, but wrong to think that discretionary
policy is the best way to achieve it. He also answers why
government debt could be good or could be bad, depending on what it
is used for and how it will be paid back. He analyzes how greedy
lenders caused the mortgage crisis, but that greed alone cannot
explain why lenders would carelessly lend heedless of the prospects
for repayment. Additionally, he explores how concentrated economic
power is a problem, but there is risk that government policy
ostensibly exercised to benefit the powerless can in fact be
twisted to further enrich the rich. Downing offers a comprehensive
analysis of every level of economic policy and government
structure. Even when we know the best economic policy, there is a
problem if the political system rewards candidates who support
narrow-interest policies more than general-interest policies. This
book offers strategies to improve our dysfunctional presidential
nomination system and uncompetitive congressional elections.
Freedom, Opportunity, and Security is a book on government economic
policy which will have some appeal to both sides of the political
divide. The book starts from basic principles to develop the case
for a free economy, and then presents the case for policies to
provide opportunity and security. However, all policies are subject
to the reality constraint that the average real wage equals the
average level of productivity. Downing's incisive analysis
considers many questions in regard to economic policy. For
instance, why Keynesians are right that aggregate demand
stabilization is crucial, but wrong to think that discretionary
policy is the best way to achieve it. He also answers why
government debt could be good or could be bad, depending on what it
is used for and how it will be paid back. He analyzes how greedy
lenders caused the mortgage crisis, but that greed alone cannot
explain why lenders would carelessly lend heedless of the prospects
for repayment. Additionally, he explores how concentrated economic
power is a problem, but there is risk that government policy
ostensibly exercised to benefit the powerless can in fact be
twisted to further enrich the rich. Downing offers a comprehensive
analysis of every level of economic policy and government
structure. Even when we know the best economic policy, there is a
problem if the political system rewards candidates who support
narrow-interest policies more than general-interest policies. This
book offers strategies to improve our dysfunctional presidential
nomination system and uncompetitive congressional elections.
The author of this imaginative self-teaching book tells an
entertaining story about travels in the fictional land of Carmorra.
In the process he introduces a series of problems and solves them
by applying principles of calculus. Readers are introduced to
derivatives, natural logarithms, exponential functions,
differential equations, and much more. Skill-building exercises are
presented at the end of every chapter. Books in Barron's new E-Z
series are enhanced and updated editions of Barron's older, highly
popular Easy Way books. New cover designs reflect the brand-new
interior layouts, which feature extensive two-color treatment, a
fresh, modern typeface, and more graphic material than ever.
Charts, graphs, diagrams, line illustrations, and where
appropriate, amusing cartoons help make learning E-Z in a variety
of subjects. Barron's E-Z books are self-teaching manuals focused
to improve students' grades in skill levels that range between
senior high school and college-101 standards.
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