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Essay / Research Paper Abstract
This 3 page paper examines Rhoads' (1985) book on economics. Several quotes are included. The book is summarized and analyzed. No additional sources cited.
Page Count:
3 pages (~225 words per page)
File: RT13_SA732eco.rtf
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Unformatted sample text from the term paper:
to simply spouting economic facts. The truth is that economic theory has limitations but by broadening economics as a discipline, the author is able to see past these limitations. Section
by section, this author easily incorporates other ideas to create a well rounded view of the world at large. The first part of the book provides definitions and
looks at a variety of concepts. After an introduction, the author provides sections on opportunity cost, marginalism, and economic incentives (Rhoads, 1985). The author for example writes: "The costs of
marginalism suggest that a good education should include much more than a knowledge of Rawls and economics. Reflecting on these costs may have other implications for public policy as well"
(Rhoads, 1985, p.36). The book broadens and includes insights about a variety of concepts. In delving into this material, the author looks at different topics. For example, when it comes
to pollution, Rhoads (1985) explains that the government has alternatives. It may want to tax pollution, or it could as an alternative, allow for "tradable discharge licenses" (p.44). The difference
in choice yields different results of course, and there are not necessarily correct solutions. The author does seem to convey a sense of flexibility in economics, and again, he includes
a blend of other social sciences, demonstrating that economics is inextricable with other disciplines. This observation appears to be true and the fact that economics is after all a social
science does distinguish it from mathematics and other pure sciences. The author uses sociology a great deal throughout the book. One example of utilizing sociology is when the author examines
crime. He looks at how economists oppose the laws to outlaw homosexuality, pornography, prostitution and other so called victimless crimes (Rhoads, 1985). That is, the author looks at how economists
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