Principles of Economics 3e: inflation

Steven Greenlaw, David Shapiro · Daniel MacDonaldOnline resourcereference

Selected reading: Named section and worked examples.

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How to study this source

  • Why do some societies prosper?

    extensionNamed section and worked examples

    Work through the model, then identify a real-world institution or assumption the model leaves out.

  • How does money shape an economy?

    backgroundMoney, bank balance sheets and inflation measures

    Check what the price index measures and distinguish a level from a rate of change.

Ideas and questions

Read background definitions when a term blocks the argument. Then return to the source and reconstruct its claim in your own words.

Read alongside, read against

  • Institutions as the Fundamental Cause of Long-Run Growth

    Acemoglu, Johnson · Robinson. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • The Rise and Decline of Nations

    Mancur Olson. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • The Logic of Collective Action

    Mancur Olson. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • The Mystery of Capital

    Hernando de Soto. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • Poor Economics

    Abhijit Banerjee · Esther Duflo. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.