Understanding Economic Equilibrium - Cunningham, Thomas J.; Shaw, Mike
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Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture. Economic agents all over the world are trying to maximize their returns given their efforts, resources, and opportunities. They come together in markets that ultimately allocate goods and services among many competing interests. We can readily see how individual markets behave; it's more difficult, but exponentially more important, to recognize the general equilibrium across all markets. Disturbances in one market have implications for others. These…mehr

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Produktbeschreibung
Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture. Economic agents all over the world are trying to maximize their returns given their efforts, resources, and opportunities. They come together in markets that ultimately allocate goods and services among many competing interests. We can readily see how individual markets behave; it's more difficult, but exponentially more important, to recognize the general equilibrium across all markets. Disturbances in one market have implications for others. These interrelationships are particularly important to understand when policy changes are being considered where actions in one market will impose changes on other markets, and not always in obvious or pleasant ways. Understanding Economic Equilibrium reveals how all markets fit together, and how we as individuals fit into that bigger picture.
Autorenporträt
Mike Shaw has been writing about and for businesses for more than five decades. He has had more than 15,000 articles published, from investigative pieces adapted by 60 Minutes and ABC 20/20, to ghostwritten articles, white papers, blogs, and two books: An Entrepreneurial Adventure on the fiftieth anniversary of Healthdyne Corporation and The Barn at Sandy Creek about the quest to find, move and reconstruct an antique barn to serve as the centerpiece of a family estate. Mike's debut novel, The Musician, published by Blue Room Books, is scheduled for a 2021 debut. Mike holds an M.A. in English from the University of Miami. John Lewis is a developer, system architect, and computer enthusiast who has, since an early age, been keenly interested in electronics. John is currently a lead member of architecture at AT&T, where over the past 30 years he has received more than 100 U.S. patents on his ideas in the communications field. He attended the State Technical Institute in Memphis, Grantham College of Engineering, and the then Memphis State University.