Finally, a book on economics that even I can understand! (Rating 4 of 5)
» Jon Deepcreek
This is the book I have been looking for! I sure wish I'd found this book let's say five years ago or maybe $5,000 ago (lol)! Now I'm a big dummie, especially when it comes to economics, but I plan to make millions in the near future by gaining some kind of angle or secret. Mr CR McConnell breaks down all those confusing economic things that have stood between and my dreams of understanding just how money works for years. I recomend this book for anyone that wants to help themselves out economically and plans to help other people out with their money too. Look for me on the cover of Fortune Magazine!
The Best Macroeconomics Text Available (Rating 5 of 5)
» Dr. Henry Toof
As far as I'm concerned, McConnell's "Economics" is the most thorough and well-structured macroeconomics text available. The examples are smart and clear, and the information fresh and updated, unlike other texts in this area of study. My vote: 5 stars.
Dr. Henry Toof
Cambridge, MA
Close but no cigar (Rating 4 of 5)
» Michael Emmett Brady
McConnell and Brue do a B+ job in this book.However,it does not equal Samuelson's introductory textbook in economics in explanatory power in a number of areas.In this review I will concentrate on just one point of comparison concerning the paradox of thrift.McConnell and Brue effectively discuss this paradox at the macro economic level using the short run aggregate supply curve's three ranges-the horizontal Keynesian range,the upward sloping synthesis range and the Classical-Neoclassical vertical range.If the economy is operating in the Keynesian range or the lower part of the synthesis range,then McConnell and Brue correctly show that more current savings will lead to less future savings due to a decrease in investment and a reverse multiplier effect reducing spending.On the other hand, they correctly show that if the economy is operating in the vertical range,more savings will reduce inflationary pressures while making it possible for investment to increase IF(and only if)businessmen have correct expectations about the future.Samuelson also goes through this analysis.However, Samuelson goes one step further. Samuelson first discusses the linkage at the microeconomic level between the paradox of thrift and its microfoundations in the Production Possibilities Curve(PPF).Essentially, if the economy is operating inside the frontier(on the horizontal Keynesian range or upward sloping portion of the synthesis range),then more savings is detrimental and moves the economy deeper into the interior of the PPF.On the other hand,if the ecomomy is operating on the boundary of the PPF,then more savings can potentially be transformed into more investment,assuming that businessmen, operating in the private sector,have correct expectations about the future.Samuelson demonstrates that in the interior the micro optimality conditions break down and are not operational.McConnell and Brue do not cover this in their textbook
Excellent Book! (Rating 5 of 5)
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I am pursuing an MBA. I had no economics background, however I found this book to be easy to read, very well structured and most of all, you can find the actual applications of Economics. I highly recommend this book over Economics from Samuelson, he's a brilliant economist but he clearly doesn't explain as good. If you are going to buy only one book of economics, I recommend this one
Great Book! (Rating 5 of 5)
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I used this textbook in an advanced placement Macroeconomics course. Believe me the textbook itself is more interesting than the class. The text provides well detailed explainations of concepts and even provides a comprehensive glossary for those who might find the language alittle to difficult to understand. An overall great book, I've read other economics texts and this one is absolutely stellar in comparison
(Rating 4 of 5)
(Rating 5 of 5)
