Economic Principles and Problems

Introduces concepts and ideas from mainstream economics as well as the full range of heterodox approaches to provide a truly pluralistic introduction to economics. Includes insights from recent developments including behavioural economics and game theory and focuses on the major economic issues of today to provide a contemporary introduction to economics which doesn't just rely on the same outdated models. Introduces the ideas of leading figures including Adam Smith, Karl Marx, Thorstein Veblen, Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek to ensure that students are provided with the necessary intellectual context to fully understand contemporary economics. The website is complete with additional content from key chapters (including additional models and explanations), study questions, glossary, instructor manual, and PowerPoints to provide students and instructors with a full range of online support materials.

Introduces concepts and ideas from mainstream economics as well as the full range of heterodox approaches to provide a truly pluralistic introduction to economics. Includes insights from recent developments including behavioural economics and game theory and focuses on the major economic issues of today to provide a contemporary introduction to economics which doesn't just rely on the same outdated models. Introduces the ideas of leading figures including Adam Smith, Karl Marx, Thorstein Veblen, Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek to ensure that students are provided with the necessary intellectual context to fully understand contemporary economics. The website is complete with additional content from key chapters (including additional models and explanations), study questions, glossary, instructor manual, and PowerPoints to provide students and instructors with a full range of online support materials.

Economic Principles and Problems: A Pluralistic Introduction offers a comprehensive introduction to the major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it leaves readers better able to understand and analyze the complex behaviors of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Including explicit coverage of mainstream economics and the major heterodox schools of economic thought—institutionalists, feminists, radical political economists, post-Keynesians, Austrians, and social economists—it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. This second edition includes new and expanded material on international trade (to include disintegration and Brexit), climate issues and perspectives, including degrowth, inter-temporal exchanges and games, non-market exchanges, job opportunities, cost of education, and social media as an industry, as well as additional examples and case studies. The book’s suite of digital resources has been updated to include a test bank of multiple-choice and short-answer questions and answers, end-of-chapter questions and answers, and PowerPoint slides. Written in an engaging style and focused on real-world examples, this textbook brings economics to life. Economic Principles and Problems offers the most contemporary and complete package for any pluralist economics class.

Economic Principles and Problems: A Pluralistic Introduction offers a comprehensive introduction to the major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it leaves readers better able to understand and analyze the complex behaviors of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Including explicit coverage of mainstream economics and the major heterodox schools of economic thought—institutionalists, feminists, radical political economists, post-Keynesians, Austrians, and social economists—it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. This second edition includes new and expanded material on international trade (to include disintegration and Brexit), climate issues and perspectives, including degrowth, inter-temporal exchanges and games, non-market exchanges, job opportunities, cost of education, and social media as an industry, as well as additional examples and case studies. The book’s suite of digital resources has been updated to include a test bank of multiple-choice and short-answer questions and answers, end-of-chapter questions and answers, and PowerPoint slides. Written in an engaging style and focused on real-world examples, this textbook brings economics to life. Economic Principles and Problems offers the most contemporary and complete package for any pluralist economics class.

Introduces concepts and ideas from mainstream economics as well as the full range of heterodox approaches to provide a truly pluralistic introduction to economics. Includes insights from recent developments including behavioural economics and game theory and focuses on the major economic issues of today to provide a contemporary introduction to economics which doesn't just rely on the same outdated models. Introduces the ideas of leading figures including Adam Smith, Karl Marx, Thorstein Veblen, Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek to ensure that students are provided with the necessary intellectual context to fully understand contemporary economics. The website is complete with additional content from key chapters (including additional models and explanations), study questions, glossary, instructor manual, and PowerPoints to provide students and instructors with a full range of online support materials.

Introduces concepts and ideas from mainstream economics as well as the full range of heterodox approaches to provide a truly pluralistic introduction to economics. Includes insights from recent developments including behavioural economics and game theory and focuses on the major economic issues of today to provide a contemporary introduction to economics which doesn't just rely on the same outdated models. Introduces the ideas of leading figures including Adam Smith, Karl Marx, Thorstein Veblen, Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek to ensure that students are provided with the necessary intellectual context to fully understand contemporary economics. The website is complete with additional content from key chapters (including additional models and explanations), study questions, glossary, instructor manual, and PowerPoints to provide students and instructors with a full range of online support materials.