Product Description
McConnell and Brue’s Microeconomics: Principles, Problems, and Policies is the leading Principles of Microeconomics textbook. It continues to be innovative while teaching students in a clear, unbiased way.The 18th Edition builds upon the tradition of leadership by sticking to 3 main goals: help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives; help the student understand and apply the economic perspective and reason accurately and objectively about economic matters; and promote a lasting student interest in economics and the economy. ... Read more

Customer Reviews (21)

Completely satisfied
I'm very happy with this purchase...the book came in great time and great condition! Thank you!

Great Seller
The book around in great condition and quickly. Seller was very helpful and easy to deal with when returning the book, even though it was my mistake. Highly reccomend and will use seller again!

Good Seller
Good Seller, Book in Great Condition, no CD which is ok. Shipping was relatively quick!

Great textbook at a great price!
Great! Bought this along with the 13 cent study guide. If only all textbooks were sold at a reasonable price.

Microeconomics
The book came quickly and was in decent shape.It was a very pleasant purchase. ... Read more

Product Description
Economists have had much to say about what causes aggregate economic growth, but they have been more reticent about the distributional dimension of that growth. Understanding development and the process of poverty reduction requires understanding not only how total income grows but also how its distribution behaves over time. This book is a major new contribution to that process. The authors propose a decomposition of differences in entire distributions of household incomes, shedding new light on the powerful, and often conflicting, forces that underpin the changes in poverty and inequality that accompany the process of economic development. This approach is applied to three East Asian countries--Indonesia, Malaysia, and China--and to four in Latin American--Argentina, Brazil, Colombia, and Mexico. ... Read more

Product Description
This is the first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics. Its particular distinction is that it makes accessible, to non-specialists, those extensive modern refinements of general equilibrium theory which are linked to macroeconomics and monetary theory. Part I traces the development and interlocking nature of two scientific research prgrams, macroeconomics and neo-Walrasian analysis. The five chapters in this part examine general equilibrium theory, Keynes' contribution, the 'neoclassical synthesis', and the Clower-Leijonhufvud contributions to questions of systemic coordination. The four chapters of Part II place recent work on the micro-foundations of macroeconomics within a taxonomic scheme of Walrasian equilibrium, Walrasian disequilibrium, Edgeworthian equilibrium, and Edgeworthian disequilibrium. Part III, a single chapter, provides an overview of the subject and ventures some conclusions. ... Read more

Customer Reviews (2)

For the4,827th time,Weintraub fails to integrate derivatives
Weintraub builds the foundation of this book on his chapter 3,which is titled "The 4,827th reexamination of Keynes's system".Unfortunately,for the 4,827th time,Weintraub demonstrates that economists are unable to integrate(take the antiderivative) Keynes's derivatives from pp.55-56,ft.2 and pp.282-286 of the General Theory in order to arrive at Keynes's original model .Any reader of this review,who has passed the first semester of college level calculus and analytic geometry,will discover that Keynes's basic model(the D-Z model of expected aggregate demand and supply) is that the expected aggregate supply functionZ=g(N)=P+wN ,where P equals expected profit,w is equal to a constant money wage and N equals aggregate employment.The expected aggregate demand function is equal to D=pO,where p is equal to an expected price and O=f(N)is real output.The actual aggregate demand function is Y=C+I,where C=a+bY(or C=bY)and b equals the marginal propensity to spend on consumption goods.Weintraub claims that Z=pq(pO),where q=f(N)is real output and that D=C+I(see Weintraub,pp.40-42).The"employment function"that Weintraub claims to derive on p.46 has absolutely nothing todo with the analysis presented by Keynes in chapter 20.Keynes worked with the real (expected) wage,( w/p).Weintraub's ordinate is incorrectly defined as the money wage,w.In Keynes's system,changes in the money wage cause shifts in the curves and not movement up and down a fixed"employment function"curve.Finally, Weintraub's claim that "The Z-D model was developed by S. Weintraub[1958]and extended by Davidson and Smolensky[1962]and Davidson[1972}",(Weintraub,p.47)makes no sense because anyone who can integrate the derivatives of chapter 20 ,or just follow Keynes's analysis,will see that the Z-D model is, contrary to E.Roy Weintraub,the intellectual creation and property of one John Maynard Keynes.

Keynes meets Walras
The concern of the book are the various approaches to unify macroeconomics and monetary theory with general equilibrium theory. The book consists of three parts. In the first part, the problems are outlined, the interpretations of Keynes and the standard Arrow-Debreu-McKenzie model are survied, together with early approaches to unify them. The second part takes a look at Walrasian approaches, where prices and markets are central, and Edgeworthian approaches, where direct exchanges are examined, to macroeconomic questions. Both are examined from a static equilibrium perspective and dynamic disequilibrium theory. The third part is dedicated to reflections.
The book is surveying the field, it is not a textbook. The discussion remains on an informal level, with little mathematics being used. The book should be readable to advanced undergraduates and more advanced readers. The only drawback is that the book is a little bit old. There is no discussion of OLG models, which became popular later. Since the topic of dynamics has been neglicted by GE theorists for quite some time, the book is still worth reading. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic plannings of the campaign. A general description of the campaign's business plan included. ... Read more

Customer Reviews (1)

Worth the $$$
Having an excellent economics teacher is not enough, however, having an excellent prep book is!!

After purchasing this book, I have no regrets and can say that this book goes into every detail that is vital for the test and also presents the material in a systematic, clear and consice way with enough examples not to confuse you.

Plus, at the end of each section, there is a small review with all the important notes that are covered in th chapter and there are about 20-22 multiple choice practice questions with detailed answers, explicating each step. Also, there is a free response section which presents questions that can really challenge your mind and provide you with the confidence. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
When economists claim that rules are coordinating devices, they do not explain how those rules operate in the reality of organizational life. Rules do not indicate behavior, since their most important characteristic is their remoteness from the solution. Thus, rules are merely frameworks for action requiring constant interpretation. This book is grounded in Wittgenstein's understanding of rules as having significance only in the course of their application. It focuses on the disindexation process and on the consequences of a team productivity bonus in an electronic workshop in the Paris Metro.
... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
At last a book about the technology and the economotechnicals (microeconomics and macroeconomics ) during and after the campaign of Alexander the Great. This monumental work -long out of print, a very hard and rare book to find- was prepared by one of the foremost Economist, who writes history. It contains deep analysis, with many ancient texts (Ancient Greek, Hebrew, Hieroglyphs, Coptic, Ideograms, Linear, Assyrian, Persian, Syrian, Sumerian, Arabic, Amharic, Aramaic, Babylonian, Hindi, Sanskrit, Latin, etc.), including tips of modern translations (Greek, English, etc.). You can find in this book more than 185 ancient Greek economic theories of the scientists and economists of the campaign. Also you can find many financing, feasibilities and economic planning of the campaign. A general description of the campaign's business plan included. ... Read more

Product Description
Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers exciting new topics that further illustrate the power and pervasiveness of recursive methods.

Significant improvements to original chapters include a better treatment of the existence of recursive equilibria, an enhanced account of the supermartingale convergence theorem, and an extended treatment of an optimal taxation problem in an economy in which there are incomplete markets. Completely new coverage in the second edition includes an introductory chapter, which gives an overview of the themes uniting the diverse topics treated throughout the book. Two new chapters offer a self-contained account of the optimal growth model and some of its basic applications in macroeconomics and public finance. Other new chapters cover such topics as how to formulate and compute Stackelberg or Ramsey plans in linear economies, sustainable risk-sharing equilibria without commitment, and the application of recursive contracts to topics in international trade. Most chapters conclude with exercises and the book includes two technical appendixes covering functional analysis and control and filtering. ... Read more

Customer Reviews (9)

Quick Delivery as Promised.
I ordered this book Recursive Macroeconomic Theory online, chose one day shipping and got it in one day as promised. The book reached in perfect condition. In fact, I ordered it online to save money as I found $80 charged at Uconn Coop Bookstore expensive. However, after I ordered it and clicked one day shipping the price was just a few cents below $80. I think amazon.com should be clear about the price it mentions on its website. It should not give customers wrong perceptions about the actual price it charges. Customers have the right to see the price including shipping right before they make the payment. This is the reason I give it a four star. Otherwise, I think the product deserved a five star. I am really disappointed about a seller associated with amazon.com. That seller has not yet delivered the product as promised and gives no track of shipping details of the product although it is one week since I ordered it.

A book for Econometricians rather than Macroeconomists
The book is certainly written by distinguished people, but it seems to me that their focus in writting this book was more to exhibit mathematical methods to solve problems rather than discuss the problems themselves. Apparently the book is meant for training mathematical skills in dynamic programming, andprepare you for computer simulations of macroeconomic problems. But don't use it for understanding macroeconomics.

In general, the authors get into mathematical discussions that divert attention from the problem itself, and at the same time they don't explain why they are doing all these. Reading the book needs a lot of background knowledge and self-intuition. Apart from that some chapters are educational and fit for class work.

The first chapters cover mathematical basics about random process and Markov chains and estimation. They are the good chapters. The chapters on partial equilibrium, complete markets ad incomplete markets are also the ones that are noramlly used in class lectures. The book's coverage of consumption theory and economic growth is weak and insufficient. I would recommend Romer or Blanchard&Fisher book for that. The chapter on search and job matching is also simplistic and again not enough. In most of the chapters, technicality dominates concepts, so having a complementary textbook can be great help.

For one thing, the book has a lot of misprints and mistakes too, which seem to be fixed in the newer edition.

get it free
This is a great book.But you can download the second addition free on Sargent's website, so I wouldn't recommend buying it.

Perfect book
This is a perfect book for three reasons; i) it is perfect for those who wish to learn modern macroeconomics. The book develops necessary knowledge and tools to be applied to dynamic economics, ii) Sargent is one of most prominent and leading macroeconomists of the world, and he should be Nobel prize winner in Economics, iii) the book is published by MIT.

Not for beginners
When I recently left my job as cryer in a grim, north-eastern town, I was made the head of recursive macroeconomic theory at a major international bank.I could have done with a simpler introduction than this, to be honest, as my knowledge of RMT was limited.But now I hold my own in meetings simply by spouting a few long words from this book (mainly "macroeconomic" and "recursive" - theory doesn't seem to impress as much) and delegating to underlings. ... Read more