Principles of Economics

by Karl Case and Ray Fair
Upper Saddle River, N. J.: Prentice Hall, 1996
Fourth edition 1014 pp.

Rating: C+

This book develops the student’s ability to employ economic thinking, but is not balanced on disputed policy issues. Entrepreneurship is almost ignored in the book. It is defined and briefly discussed on one page, but hardly ever comes up again. There are no features on successful entrepreneurs and no discussion on the link between risk and reward. The book is weak is on the costs of tax enforcement, compliance, and the opportunity costs of transferring resources from the private to the public sector. On the business cycle, it uncritically recites Keynesianism even though economists have debated for decades whether government spending really "stimulates" the economy. In addition, Case and Fair have written their book with a heavy emphasis on mathematics, resulting in a book not very accessible to high school students.

A more detailed critique is available.