Economics for Everyone

President Obama has released his budget proposal for 2011. The budget calls for a $5.8 trillion dollar increase in the net federal debt for the five year period from 2011 through 2015. Is the President crazy or is he crazy like a fox? Democrats argue that the increase in debt is necessary to get the country out of the recession of 2008. Republicans argue that this is a massive expansion of government's role in the economy. Economics for Everyone contains the most recent economic data available from the federal government and presents this information in easy to understand terms. The book also examines the evolution of economic thought and the historical events that have affected the economic growth of the world's industrialized countries. The major theories of micro- and macroeconomics are discussed, but the primary emphasis is how these theories were developed and taught by those economists who invented them in the first place.