Joseph Schumpeter's Business Cycles
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Business Cycles
The link above takes you to a pdf file of Joseph Schumpeter's book.
14 years ago
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An introduction to U.S. macroeconomic policy issues, such as how we use monetary and fiscal policies to promote economic growth, low unemployment, and low inflation.
U.S. Public Debt
U.S. Public Debt Since 1940
U.S. Public Debt Since 1940 - Adjusted for Inflation
U.S. MACROECONOMIC SCOREBOARD
ECONOMIC GROWTH
3.1% (3rd Quarter 2012)
(Goal: 3%; perhaps more if it can be sustained without inducing inflation.)
7.8% (December 2012)
(Goal: less than 5.5%)
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TOPICS
- Outline of Topics (brief)
- Outline of Topics (detailed)
- Part I: Introduction to Economics
- 1. What is Economics?
- 2. Economic Perspectives
- 3. Simple Economic Models
- 4. Supply & Demand Analysis
- 5. Personal Investments
- Part II: Macroeconomic Policy
- 6. Economic Growth
- 7. Low Unemployment
- 8. Low Inflation
- 9. Monetary Policy
- 10. Fiscal Policy
- Glossary of Economic Terms
Links
- AP Economic Stress Index
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DATA
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Recommended Reading
- The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too - James K. Galbraith
- The Return of Depression Economics and the Crisis of 2008 - Paul Krugman
- The Limits of Power: The End of American Exceptionalism - Andrew J. Bacevich
- Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations - Paul Krugman
- The New American Story - Bill Bradley
- Reclaiming Conservatism: How a Great American Political Movement Got Lost--And How It Can Find Its Way Back - Mickey Edwards
- The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen - Arthur Laffer, Stephen Moore, & Peter Tanous
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Biases Inherent in this Blog
I believe it is extremely important to consider the sources of information. No one should be surprised if news reports on MSNBC have a liberal slant or if Fox News has a conservative bias. Unfortunately, far too many people only seek information that supports existing opinions and they fail to consider all sides of issues. I strongly encourage everyone to seek a broad spectrum of opinions and information sources, carefully consider them all, and then reach one’s own conclusions rather than just parroting what a favorite cable news celebrity might say.
The following information is provided to help you understand the biases that may be inherent in this blog. My primary U.S. economic policy concern is the fiscal irresponsibility of government. The Baby Boom generation, which I am part of, has spent the past 30 years accumulating massive public debt that will be passed to our children, grandchildren, and subsequent generations. I am not opposed to the reduction or elimination of any government spending program. Yet, politicians tend to call for reduced spending in general terms and fail to publicly declare specific cuts they would make. The primary cause of the massive U.S. public debt is revenue reductions (in the form of tax cuts) without similar decreases in government spending.
I am willing to consider the expansion and addition of government programs as well. I do not mind how much or little the government provides to society as long as it is paid for. I am willing to pay higher taxes for services deemed worthy, whether they be national defense, homeland security, or income assistance to those less fortunate than I. And I am certainly willing to pay less in taxes or to deposit any government check I receive. My generation, the Baby Boomers, has been very good at cutting taxes and increasing the size of government, regardless of which political party is in power. This is a prescription for financial chaos that remains a horrible legacy for future generations.
About Me
- JOHN BUCK
- Jacksonville, Florida
- I am a professor of economics at Jacksonville University, where I teach courses in introductory economics, comparative economic development, and globalization. I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.
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