For Financial Literacy Month, we at the Press want to highlight four books related to the economic world and financial literacy that we think could guide readers toward greater knowledge of money and finance. We will be highlighting one book per week for four weeks, so make sure you check back to see what else we have in store. The chosen book for this week is one of our very own, The Principles of Macroeconomic Literacy by Dr. John Scott:
“While outlining the basics of Microeconomics and defining the terms that measure aggregate economic outcomes, this textbook moves beyond the traditional Macroeconomics textbook by placing the individual, that is, the student, at the center of analysis. The text enlivens this content with original, narrative stories through which the author introduces chapter topics. Its research and knowledge base relies on the Austrian School of economic thought, one of the most enduring schools of orthodox economic theory. Relying upon the author’s teaching experiences, this textbook uses effective teaching techniques that place the student at the center of the economic analysis. The author shows throughout a deep understanding of economics and human nature. In effect, The Principles of Macroeconomic Literacy is a market-based bona fide macro text.” (press release)
It includes such topics as
“Supply and Demand”
Public Choice Theory
Alternative Economic Systems
Subjective Value Theory
Competing Schools of Economic Thought
Macroeconomic Adjustments (without relying on the overused model of Aggregate Supply and Aggregate Demand)
If you’re looking to understand more about the way that economic systems work, we know that this book can be a great source of knowledge. As an added bonus, this text is available for free download on our website. Stay posted for next week’s book on Financial Literacy Fridays on our Facebook, Twitter, and Blog!
