1st Edition

Economic Principles and Problems - A Pluralist Introduction Special Sale for Roskilde University Basic Course in Socio-Economics

By Geoffrey Schneider Copyright 2022

    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.

    Most principles of economics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes, and Friedrich Hayek. Mainstream books tend to neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus primarily on abstract models more than existing economic realities. This engaging book addresses these inadequacies. 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.

    Written in an engaging style and focused on real-world examples, this textbook brings economics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors. Economic Principles and Problems offers the most contemporary and complete package for any pluralist economics class.

    Book contains 267 pages, including chapters 1, 4, 5, 6, 7, 19, 20, 23, 25 and 30 only.

    Chapter 1. What is economics?

    Chapter 4. Adam Smith and the rise of capitalism

    Chapter 5. Karl Marx and the dark ages of capitalism

    Chapter 6. Thorstein Veblen and monopoly capitalism

    Chapter 7. Keynes and mixed market capitalism

    Chapter 19. Market failure and government failure

    Chapter 20. Economics of the environment and climate change

    Chapter 23. Inequality, a key modern issue

    Chapter 25. Macroeconomic wellbeing

    Chapter 30. Money, banking and the financial sector


    Geoffrey Schneider is Presidential Professor of Economics at Bucknell University, Pennsylvania, U.S.A. He is an award-winning teacher, author or co-author of six books and numerous scholarly articles, and executive director of the International Confederation of Associations for Pluralism in Economics.