Economic Literacy ─ Basic Economics With an Attitude

"Economic Literacy invites the beginning economics student to become an active participant rather than a passive recipient in the study of mainstream economics. The standard model and its logic are clearly and thoroughly presented, yet Frederick S. Weaver does so with a degree of critical thinking and a touch of skepticism---`an attitude'---that enable students to question and consider as they learn the conventional micro and macro principles. The text provides a firm foundation for further study of economics; for interdisciplinary work in the social sciences, particularly historical capitalism, political economy, and globalization; and, in its final chapter, demonstrates the applicability of these principles in addressing and assessing our current moment of worldwide economic instability." ---Jeanne Hahn, The Evergreen State College

"Weaver highlights the major economic concepts of micro- and macroeconomic principles at the undergraduate level....The volume is written in a straightforward, nontechnical manner with notable historical context....An excellent read for those seeking a casual overview of introductory economics. Highly recommended." ---Choice

"Economic Literacy has provided my students with accessible information in a readable format....Thanks for a great text!" ---Avra J. Johnson, Minnesota State University, Mankato

"Clear, concise, and witty enough to keep students reading, Economic Literacy is perfect for my politics courses in which basic economics is a necessary prerequisite rather than the focus of the class." ---Alexandra Guisinger, University of Notre Dame

In its third edition, Economic Literacy: Basic Economics with an Attitude explains the logic, language, and worldview of economic theory while maintaining the engaging and accessible style that has made earlier editions so successful. While covering the fundamentals of the discipline, Frederick S. Weaver also includes a wide range of new material focusing on the structure, causes, and results of the "Great Recession." From micro-and macroeconomics to the composition of international and domestic economies, Economic Literacy also makes the key distinction between economics as an academic discipline and the economy as a practical reality. By analyzing this crucial difference, the book encourages students to think critically about the distinctive viewpoint proposed by academic economics and its influence on politics and culture. Weaver's approach helps readers understand both' current affairs and professional economics literature, making this book uniquely beneficial for students both practically and theoretically.

Frederick S. Weaver is professor emeritus of economics and history at Hampshire College. His two most recent books are Latin America in the World Economy: Mercantile Colonialism to Global Capitalism and Global and Local: Re-visioning the Area Studies Debate with Ali Mirsepassi and Amrita Basu.