Common Sense Economics: What Everyone Should Know About Wealth and Prosperity

Veteran economists Gwartney (emeritus, Florida State Univ.), Dwight R. Lee (Ball State Univ.), Tawni Hunt Ferrarini (Lindenwood Univ.), Joseph P. Calhoun (Florida State Univ.), and Jane Shaw Stroup (James G. Martin Ctr. for Academic Renewal) update their classic text on economics. This edition discusses the effects of the COVID pandemic on the global economy and the workplace, provides insights into the recent rise in inflation, and explains how knowledge of economics can improve personal lives. The authors also include ideas they received from some of the thousands of students who have taken their economics classes over the years. The main sections cover seven significant sources of progress, 10 critical components of the economics of government, and 12 key elements of practical personal finance.