Allen W. Smith, Ph.D., has dedicated much of his adult life to combating economic illiteracy and promoting economic education. After a 30-year career teaching economics at the university level, he retired to become a full-time writer focused on making complex economic principles accessible. His prolific work aims to demystify economics and government policy for a general audience. In recent years, his writing has critically examined government finance and the Social Security system.
Understanding Economics presents the key concepts of economics in a logical and meaningful order. To help you focus on these concepts, each unit and each chapter contain a number of distinctive features. Together, these study aids will help you look at problems in an analytical way so that you can form opinions, make educated decisions, and apply economic concepts.