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Description
The Economy Today is noted for three great strengths: readability, policy orientation, and
pedagogy. The accessible writing style engages students and brings some of the excitement of
domestic and global economic news into the classroom. Schiller emphasizes how policymakers
must choose between government intervention and market reliance to resolve the core issues
of what, how, and for whom to produce. This strategic choice is highlighted throughout the full
range of micro, macro, and international issues, and every chapter ends with a policy issue that
emphasizes the markets vs. government dilemma. The authors teach economics in a relevant
context, filling chapters with the real facts and applications of economic life. Schiller is also the
only principles text that presents all macro theory in the single consistent context of the AS/AD
framework.
The Economy Today, fourteenth edition, is thoroughly integrated with the adaptive digital tools
available in McGraw-Hill’s LearnSmart Advantage Suite, proven to increase student
engagement and success in the course.
Table of Contents
Part 1 The Economic Challenge
Chapter 1 Economics: The Core Issues
Appendix: Using Graphs
Chapter 2 The U.S. Economy: A Global View
Chapter 3 Supply and Demand
Chapter 4 The Role of Government
Part 2 Measuring Macro Outcomes
Chapter 5 National Income Accounting
Chapter 6 Unemployment
Chapter 7 Inflation
Part 3 Cyclical Instability
Chapter 8 The Business Cycle
Chapter 9 Aggregate Demand
Appendix: The Keynesian Cross
KING’S HOUSE
COURT HOUSE
RODNEY MEMORIAL
HOUSE OF ASSEMBLY
1912 L W. XV B I .
In connection with his governorship of Tangier, Inchiquin has
been described as “a well-meaning impulsive man, devoid of
discretion,” and this description seems equally applicable to his
Jamaica career.
By his first wife, Lady Margaret Boyle, daughter of the first Earl of
Orrery, he had three sons, of whom the third, James, was a member
of the Council of Jamaica, Captain of Fort Charles, and chief of an
expedition that destroyed French settlements in Hispaniola.
James O’Brien returned to England at his father’s death.
For the first thirty-four years of British occupation, the governors
of Jamaica lived partly at Spanish Town and partly at Port Royal. In
1675 the Assembly voted £500 to be employed in buying the house
Lord Vaughan lived in at Spanish Town “for the Governor’s use for
ever.”
On January 13, 1690, however, the President and Council passed
an “Order for hiring a house in Port Royal and for provision for the
reception of Lord Inchiquin.”
On March 27, 1690, they passed an “Order for King’s House to be
made ready for Lord Inchiquin,” but the Order does not state
whether Port Royal or St. Jago de la Vega was meant, probably the
latter.
On June 18 it was resolved that “Their Majesties’ house at St. Jago
de la Vega being extremely out of repair and almost ruinous so it is in
no manner fit for the reception of His Excellency, it was decided by
the Board if His Excellency would be pleased to let it be ordered, and
it is hereby ordered that the rent of the house where His Excellency
now lives be paid out of their Majesties’ revenue for the island till the
other be so repaired or built, that it may be fit for his reception.”
On December 18, 1690, it was “ordered that £600 be allowed for
building an addition to the King’s House on Port Royal to be paid out
of their Majesties’ revenue for this island.”
On January 28, 1691–2, just after the death of Lord Inchiquin, the
Council wrote home to the Lords of Trade and Plantations: “We beg
that the Governor’s residence may be fixed at St. Jago de la Vega,
which is the most convenient place.”
At a Council meeting on March 15, 1691–2, it was ordered that
£250 be paid to Samuel Bernard for “rent of the house the Earl of
Inchiquin, late Governor, lived in at the Towne of St. Jago de la
Vega.”
On May 9, 1692, just after the earthquake, the Council made an
“Order for agreement as to the goods belonging to the late Governor
at King’s House, for the accommodation of the next Governor,” and
on June 24, they passed an “Order for material for rebuilding King’s
House.” This presumably refers to St. Jago de la Vega.
On July 8 of that year the Lords of Trade and Plantations at a
meeting at which Beeston, who was then agent for Jamaica in
England, and was soon to be appointed lieutenant-governor, was in
attendance, resolved that the “King’s House at St. Jago de la Vega
should be sold, and the proceeds devoted to the purchase of another
house”—at the very time that it was probably being rebuilt.
On the Earl of Inchiquin’s death, the Government bought of Lady
Inchiquin for the use of the Government, goods to the value of £90.
These included the “King and Queen’s picture” valued at £20. Where
is that picture now?
It is interesting to note that in the contemporary manuscript
Council Minutes the name Inchiquin is always spelt phonetically
Insiquin.