Title: Economics: Basic Principles and Hot Issues. : 2354800 Press: Wuhan University, Hubei Price: 50.0 ISBN:73070530 1 Author: Robert C. Gail [R Date of publication: Version: folio: 26cm Introduction: The most prominent feature of this book is that it summarizes the contents of the first eight chapters concisely. Just browse the contents, you can see that this book has economic and social problems. First of all, this book discusses the major issues of national financial policy, monetary policy, national debt, fiscal deficit and so on with a large number of detailed data. Secondly, this book discusses the role played by various international institutions in global economic life, from which many readers will learn what is the root of Sino-US trade friction, what role the International Monetary Fund has played in the world economy, and what role international institutions such as the North American Free Trade Agreement, GATT and WTO have. Third, this book is unique in studying externalities and market failures. Although some readers may have heard of market failure, this book deeply reveals why government supervision is indispensable in some fields through the analysis of activities such as alcohol, tobacco, drugs and pornographic services and the economic analysis of environmental protection. Fourth, at present, medical care and medical insurance are important issues of great concern to all countries. This book analyzes in detail the system and mechanism of medical insurance provided by the government represented by the United States, and studies the pricing, circulation and related intellectual property protection of prescription drugs, which is very targeted. Fifth, all countries in the world should solve various social problems in time and properly in the process of economic development. This book does not simply explain the responsibilities or obligations of the government, but specifically studies a series of issues such as criminal economics, educational economics, poverty and social welfare issues, social security issues and government plans aimed at reducing poverty and narrowing the income gap, revealing the theoretical basis and feasible plans for the government to play its role in economic life. Sixth, this book specifically analyzes the historical evolution and economic impact of racial and gender discrimination, and explains how to solve the discrimination problem from the perspective of economic efficiency. Seventh, although the operation of market economy is generally opposed to market forces or government price control, various types of price control are still widespread. This book studies various price control phenomena such as agricultural product price support, minimum wage and maximum rent, and examines the economic basis of the phenomenon of reselling bills. Finally, the author discusses various other economic and social issues, including personal income tax, capital gains tax, anti-monopoly laws and regulations and energy prices, as well as sports economics, war costs (especially the US war against Iraq), economic analysis of terrorism and economic costs of counter-terrorism. It is worth pointing out that this book discusses all kinds of economic and social problems in such a large scope, which not only enables readers to deepen their understanding of economic concepts and feel the theoretical analysis power of economics, but also continuously cultivates their ability to think and analyze problems with economic methods. This book is suitable as a teaching material or reference book for students majoring in economics and management, and is also suitable for other economic enthusiasts to read by themselves.