The 7th edition Guide to Everyday Economic Statistics is a handy little guide that can be consulted for clarification whenever any of the statistical series dealt with are encountered. The authors examine how different series are constructed and how we may use them effectively. This guide puts statistics in context, so the reader can see how an individual statistic relates to the larger picture. Because of this, students won't have to read the book consecutively from beginning to end.
Dr. Clayton is Professor of Economics at Northern Kentucky University (NKU). He received his Ph.D. in Economics from the University of Utah, has taught economics and finance at several universities, and has authored five books and a number of articles in professional journals. In 2004 he was the first American to be awarded an Honorary Doctorate from the People's Friendship University of Russia (PFUR) in Moscow. Most recently he was the recipient of the 2005 Frank Sinton Milburn Outstanding Professor award at NKU.
Dr. Clayton has a long-standing interest in economic education. He has directed and/or participated in numerous economic education workshops and is former Vice-President of the Kentucky Council on Economic Education. He is also a year 2000 Freedoms Foundation Leavey Award winner for Excellence in Private Enterprise Education, an Association of Real Estate License Law Officials (ARELLO) national Consumer Education Award winner.
This was a required book in one of my doctorate economic classes, and at first I didn't quite understand its purpose, but as the class continued it started to make more sense. Many of the things in this book are economic indicators and maybe at best tell us how the market is doing and may give us a glimpse into where it's going. It explains the indicators simply and helps the reader understand why they are important.