
Economics for the Greater Good
Caroline Krafft, University of Minnesota
Copyright Year:
Last Update: 2025
Publisher: Minnesota Libraries Publishing Project
Language: English
Formats Available
Conditions of Use
Attribution-ShareAlike
CC BY-SA
Reviews
Reviewed by Faunce Elizabeth, Adjunct Professor, Radford University on 1/19/26
Overall, I was happy with the comprehensiveness of the text. However, there were a few topics that I would have liked to see addressed, including the impact of conflict and political instability and physical infrastructure. Additionally, the... read more
Reviewed by Faunce Elizabeth, Adjunct Professor, Radford University on 1/19/26
Comprehensiveness
Overall, I was happy with the comprehensiveness of the text. However, there were a few topics that I would have liked to see addressed, including the impact of conflict and political instability and physical infrastructure. Additionally, the chapter on poverty would have been better if it also addressed inequality.
Content Accuracy
Each chapter was well supported with related articles and in-text citations allow the reader to click directly to the citation. However, I would have liked the text to provide links directly to the article/source, not just the source. This would allow the students to quickly read the articles that support the content they are currently reading. Also, I was a bit disappointed that the majority of the articles/sources were outdated, over ten plus years.
Relevance/Longevity
As noted above, the text provides adequate sources; however, I would not say that the content is up-to-date. Additionally, the text/sources are not arranged in a way to provide relatively easy updates.
Clarity
If a student has taken micro and macroeconomics, the text jargon and terminology is very easy to understand. However, I worry that students that have yet to be exposed to introductory economics courses may struggle with the terminology.
Consistency
The framework of the text is very consistent from chapter to chapter.
Modularity
Each chapter is written in such a way that appropriate sections can easily be broken down into smaller sections for specific assigned reading/assignments.
Organization/Structure/Flow
The text is organized in a logical and clear format. However, I would have liked to see a more informative introductory chapter to introduce the topic of economics for the greater good. The text jumps right into hunger, which is an important topic but is not an introduction.
Interface
The text's images and charts are free of significant interface issues and are generally supportive of the content.
Grammatical Errors
No grammatical errors were noted.
Cultural Relevance
The text is not culturally insensitive
CommentsOverall, the text is a solid and while I do see some deficiencies, they can easily be corrected/adjusted by supplementing current articles and core content.
Table of Contents
- Acknowledgements
- Production: Can we end hunger?
- Supply and Demand: Who gets food, housing, and work?
- Trade: An Increasingly Connected World
- The Economics of Crime
- The Economics of Poverty
- The Economics of Discrimination
- Who Learns What and Why: The Economics of Education
- Why is there pollution and what can we do about it?
- Why is Health Care So Expensive? Market Power and Competition
- The Economics of Social Safety Nets: Here to Catch Us When We Fall?
About the Book
Economics for the Greater Good: An Introduction to Economic Thinking for Public Policy teaches the central concepts of economics through applications to global challenges and domestic public policy issues. Chapters tackle issues of hunger, homelessness, rent control, minimum wages, globalization and trade, crime, discrimination, poverty and anti-poverty programs, education, pollution, health care, social safety nets, and government spending. Both microeconomic and macroeconomic concepts are introduced, including production, markets, supply and demand, price controls, models of trade and trade restrictions, cost-benefit analysis, budget constraints, public goods, externalities, taxes and subsidies, and government budgets and debt. Each chapter presents evidence on a pressing social problem, introduces an economic model to help understand that problem, and discusses evidence on what programs and policies work to alleviate global challenges.
About the Contributors
Author
Caroline Krafft, University of Minnesota