Trade-Offs

An Introduction to Economic Reasoning

Harold Winter

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English

University of Chicago Press
24 November 2023

Central government policies; Economics; Political economy

The highly engaging introduction to thinking like an economist, updated for a new generation of readers.

When economists wrestle with any social issue—be it unemployment, inflation, healthcare, or crime and punishment—they do so impersonally. The big question for them is: what are the costs and benefits, or trade-offs, of the solutions to such matters? These trade-offs constitute the core of how economists see the world—and make the policies that govern it.

Trade-Offs is an introduction to the economic approach of analyzing controversial policy issues. A useful introduction to the various factors that inform public opinion and policymaking, Trade-Offs is composed of case studies on topics drawn from across contemporary law and society.

Intellectually stimulating yet accessible and entertaining, Trade-Offs will be appreciated by students of economics, public policy, health administration, political science, and law, as well as by anyone following current social policy debates.

By: Harold Winter
Imprint: University of Chicago Press
Country of Publication: United States
Edition: Third Edition
Dimensions: Height: 216mm, Width: 140mm, Spine: 18mm
Weight: 254g
ISBN: 9780226828886
ISBN 10: 0226828883
Pages: 192
Publication Date: 24 November 2023
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Preface to the Third Edition Acknowledgments 1 Stepping into Social Policy Analysis 2 Do You Want to Trade? 3 Is Saving Lives Repugnant? 4 Organ Donor, I Presume? 5 Stop Bothering Me 6 The Government Taketh Away 7 To Create and Protect 8 Don’t Do the Crime If You Can’t Do the Cane 9 What a Fine Mess 10 Three Strikes and You’re In 11 For Shame 12 A Valuable Life to Some Extent 13 No Insurance for You 14 A Pound of Prevention 15 Hazardous to Your Morals 16 Doctors Behaving Badly 17 You’re Offsetting Me 18 Smoke If You Got ’Em 19 Joe Camel Wants YOU 20 A Safer Cigarette? 21 Fast-Food (Expla)Nation 22 The Addictive Choice 23 Consistently Inconsistent 24 We Will Make You Better Off—Like It or Not 25 There Are No Solutions Index

Harold Winter is professor of economics at Ohio University.

Reviews for Trade-Offs: An Introduction to Economic Reasoning

"""The first edition of [Trade‐Offs] appeared in 2005, and it became a popular introduction to economic reasoning. Now [Winter] is out with a third, 'significantly updated' edition, and I’m raring to introduce readers to his latest insights. The new volume covers issues that appeared in earlier editions, such as the value of a human life, markets for human organs, and copyright law. Issues new to the third edition include eminent domain, criminal law, and healthcare economics. This introduction will startle many newcomers and perhaps even some seasoned economists."" -- Phil R. Murray * Regulation *"