Economic Principles to Live By was written for the general public and has profound implications for every person and nation. It presents insights that are likely to change how you perceive events in the world and alter your decisions and actions. This is a broad, relatively holistic view of economics that will help you understand what is happening in the economy and nation--and why. It will help in your day-to-day life as you earn income, make consumption and investment decisions, and meet your citizenship responsibilities. You'll learn about. . . How an economy works : What resources are employed, what products are produced, how prices are determined, the role of money, the role of foreign trade, the conditions necessary for an economy to perform well, and more. How human behavior affects economic activities and outcomes : Wealth, poverty, urbanization, bondage/slavery, discrimination, life cycles, peer pressure, compassion, fairness, parasitic greed, and more. How governments affect economic activities and outcomes : Subsidies, taxes, regulations, macroeconomic policies, capitalism, communism, socialism, democracy, and more. Other related topics : Education, retirement, anticompetitive behavior, labor unions, legal systems, energy, the environment, health care, government debt, and more. Grinnell's straightforward explanation of complex topics and the important insights revealed make this a book for every home.