The book explains the basic ideas of economics along with their historical context. It includes the events and traditions of the era of mentors—Smith, Ricardo, Marx, Walras, Keynes—with the economics they developed and controversies around them.
1. Introduction 2. Markets, Efficiency, and Adam Smith 3. Many Forms of Market: Sellers Big and Small 4. Markets Often Fail and So Do Governments 5. Unemployment and J.M. Keynes 6. After Keynes 7. Money, Banks, and Finance 8. Trade, Foreign Investment and Migration 9. Economic Growth and Development 10. Conclusion