Introductory Economics is written for the curious reader who is trying to follow the often-contradictory economic explanations found in many public controversies. The book uses very few of the mathematical formulas and graphs found in most economic textbooks. The book approaches the “science” or “discipline” of economics through concepts frowned in related disciplines. Topics covered are concepts from accounting, management science, physics, and the social sciences. Special emphasis is put on the theoretical and actual operations of market capitalism and state capitalism. The book ends with a study of the cooperation and the competition between American financial capitalism and the Chinese totalitarian state capitalism. —John Baer
Dr. Baer has a doctorate in economic education from the Catholic University of America, a master’s degree in business administration from Columbia University, and an AB from Harvard. His most recent book is The Pledge of Allegiance, A Revised History and Analysis (1892–2007), Free State Press, Annapolis, MD (2007). Dr. Baer’s most recent publication on Edward and Francis Bellamy is “Edward Bellamy’s Concept of Economic Equality” in the book Revisiting the Legacy of Edward Bellamy (1850–1898), the Edwin Mellon Press (2002). Dr. Baer taught economics at Salem College and Anne Arundel Community College. Dr. Baer was an officer in the US Navy and an intelligence analyst for the National Security Agency.