"There is much talk these days of government programs that do not achieve their objectives. The economist, however, sees a bittersweet quality in even those programs that do achieve their objectives. The crowd at the groundbreaking for the new community recreation center finds it a happy...

Released in 1984, Steven E. Rhoads' classic was considered by many to be among the best introductions to the economic way of thinking and its applications. This anniversary edition has been updated to account for political and economic developments - from the greater interest in redistributing...