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Full Description
In order to fully understand the evolution and future growth of economic systems, we must draw on the lessons of economic history. Historical analysis is crucial to understanding trends and patterns that can help us predict the future. The Evolution of Economic Ideas and Systems continues to present a groundbreaking pluralist introduction to economic history and the history of economic thought.
Tracing the development of economic systems and economic thought, the text introduces students to the story from ancient times to contemporary capitalism, and also its critics. Focusing, in particular, on Smith, Marx, Veblen, and Keynes, the text encourages students to consider which ideas and systems are still relevant in the modern world. This second edition includes brand new chapters on the role of government in modern micro and macroeconomic systems, inequality, climate change and environmental regulations, economic growth and globalization, as well as a concluding chapter exploring modern themes in economic systems. There is also additional material on non-Western economic systems, and the views of economists and anthropologists on economic behavior.
A comprehensive package of supplementary teaching resources is also available for instructors. The Evolution of Economic Ideas and Systems remains an ideal standalone text for relevant classes or as a supplement to standard texts.
Contents
PART I: Pluralist economics and early systems: An introduction 1. What is economics? The answer depends on who you ask 2. The evolution of pre-capitalist economic systems: from communalism to empires, feudalism, and mercantilism in Europe 3. The different paths taken by Asia, the Middle East, Africa and the Americas: the evolution of non-European economic systems PART II: The Evolution of Economic Systems and Ideas 4. Adam Smith and the Rise of Capitalism 5. Karl Marx and the Dark Ages of Capitalism 6. Thorstein Veblen and Monopoly Capitalism 7. Keynes and Mixed Market Capitalism 8. Modern Economic Systems Part III: Culture, Government and Markets 9. Culture, Values and Public Goods 10. Inequality: A key modern issue 11. The Economics of the Environment and Climate Change Part IV: Macroeconomic Issues and Problems 12. Macroeconomic wellbeing and policy 13. Economic Growth 14. Trade, globalization and modern economic systems 15. Conclusion: Whither Economic Systems. Glossary of Key Terms and Concepts
