This textbook is designed for two-semester courses in economics for business and economics students. It connects economic principles to real-world business scenarios, making concepts like opportunity cost and supply and demand relevant. The updated 8th Edition includes new examples and is also available with MyLab Economics for personalized learning.
The book delves into the historical patterns of financial imbalance leading to the downfall of great civilizations, such as the Roman Empire and Imperial Spain. The authors analyze how these economic failures resulted in civil collapse and draw parallels to contemporary America, suggesting it may be on a similar trajectory. Through this exploration, they highlight the critical relationship between economic stability and the longevity of superpowers, offering insights into the potential consequences of current financial trends.
Two economists explain why financial imbalance causes civil collapse--and why America could be next. From the Roman Empire to the Ming Dynasty to Imperial Spain, the superpowers of the world have grown to become the greatest economic, political, and military forces of their time--only to collapse.