Tracking America's Economy / Edition 4

by Norman Frumkin

Overview

This completely revised and updated edition of Norman Frumkin's acclaimed work offers vital information for the urgent growing debate on the state of the nation's economy. Frumkin makes complex ideas and statistical data accessible to people without special training in economics. His goal in this book is to provide a better understanding of the performance of the American economy, and a basis for evaluating proposals intended to influence its future course. Using data current through the first half of 2003, Frumkin focuses on the meaning and use of a wide array of indicators of economic growth, employment, wages, productivity, investment, saving, and finance in assessing the current state of the U.S. economy and forecasting future developments. Equally useful for economists, students, investors, journalists, and anyone concerned with the economy, this totally revised edition includes detailed coverage of many important new topics, such as terrorism's impact on the economy, federal debt and interest rates, job openings and unemployment, government spending and taxes, the 2001 recession, and more.

Product Details

ISBN-13:	9780765612410
Publisher:	Taylor & Francis
Publication date:	06/30/2004
Edition description:	New Edition
Pages:	400
Product dimensions:	5.90(w) x 8.90(h) x 1.10(d)
Lexile:	1550L (what's this?)

Table of Contents

1: Attributes of Economic Indicators; 2: Framework for Macroeconomic Analysis and Policies; 3: Economic Growth; 4: Household Income, Saving, and Expenditures; 5: Business Profits, Nonresidential Investment, and Housing; 6: Government; 7: The United States in the World Economy; 8: Employment, Worker Income, and Employer Costs; 9: Unemployment; 10: Productivity; 11: Inflation and Deflation; 12: Finance; 13: Leading Indicator System; 14: Noneconomic Intangibles

What People are Saying About This

Joseph W. Duncan

This book is must reading for economist and non-economist.

Editorial Reviews

Every day, government and private sources make a bewildering array of data available on GNP, industrial production, capacity utilization, money supply, productivity, and CPI. Most people do not understand what these indicators signify nor how they relate to each other, and textbooks usually deal with these concepts only in passing. Frumkin explains in lay language the main characteristics of the indicators and their uses. His book is jargon-free and serves as a good introduction to a complex subject. Recommended for academic and public libraries. M. Balachandran, Univ. of Illinois Lib., Urbana-Champaign

Library Journal

A textbook describing a pragmatic approach for viewing the domestic and international dimensions of the ever-changing economic landscape of the US, for gauging its strengths and weaknesses, and for anticipating where it is headed. No dates are noted for earlier editions, but the third changes the basic organization from specific economic indicators to broad topics that encompass several indicators used to quantify and analyze the overall topic. It also includes statistics up to the first quarter of 1997. Methodology and interpretation are both emphasized, and the treatment is intended to be for readers with no special training in economics as well as for economists. Paper edition (unseen), $24.95. Annotation c. by Book News, Inc., Portland, Or.

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