Some Principles of Profit: A Beginner's Handbook offers a new, real-world approach to teaching economics. The textbook adopts as an organizing principle the determinants of a firm's rate of profit and develops essential economic principles in the context of the organizing principle. The textbook covers both the most important topics included in traditional principles of micro- and macroeconomic textbooks, as well as topics required by a new generation, including labor's contribution to profit and the value added by labor, efficiency wages and incentives, and democracy in the workplace.
The textbook differs from traditional principles of economics textbooks in a number of significant ways. The text adopts a neat, clean and compact writing style - every word counts. The text is brief; however, the text covers all essential topics a one semester course in economics requires, including important topics traditional principles of economics textbooks exclude, increasing the relevance of the text.
The textbook recommends itself to a number of audiences. The textbook serves the needs of either undergraduate or graduate business students and instructors requiring a focused and relevant one-semester introduction to the principles of economics. The textbook also serves the needs of businesspeople seeking to refresh their understanding of economic principles. Finally, the clean and compact approach of the textbook lends itself to the inquisitive layperson interested in a self-guided introduction to important economic principles.