National Economy

Bradley A. Hansen is Associate Professor and Chair, Department of Economics, University of Mary Washington, where he has taught since 1995. He previously served on the faculty of Moorhead State University and as a senior teaching fellow at Washington University. He is the author of many articles, book chapters, research papers, and conferences presentations on economic policy and social welfare.

• IllustrationsSeries Foreword by Wesley B. TruittPrefaceChronology of American Economic History1. The Market Economy of the United States2. Measuring the Performance of the American Economy3. Economic Growth4. Business Cycles5. Business and the National Economy6. Households and the National Economy7. Government and the National Economy8. The International Sector and the National EconomySources of Current Economic InformationGlossaryReferencesIndex

"[T]his volume provides a clearly written introduction to the structure and performance of the American economy. Hansen begins by using the basics of supply and demand to examine how markets work. After discussing measures of economic performance, including gross domestic product, unemployment, and inflation, Hansen covers issues of long-term growth, short-run fluctuations, and economic policy. The bulk of the text describes the economic roles of businesses, households, the government, and the foreign sector. Current controversies such as globalization and immigration are touched upon. The book also includes sources of current economic information, a chronology of important economic events, and a glossary. Primarily descriptive with economic terminology and theory employed sparingly, this book will be a useful resource for novice readers wanting an accessible introduction to the American economy. Highly recommended. General readers and all levels of undergraduate students." - Choice