Foundations of Economics: A Beginner's Companion

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Product Description

Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well.
The book covers all the main economic concepts and addresses in detail three main areas:
* consumption and choice
* production and markets
* government and the State.
Each is discussed in terms of what the conventional textbook says, how these ideas developed in historical and philosophical terms and whether or not they make sense. Assumptions about economics as a discipline are challenged, and several pertinent students' anxieties ('Should I be studying economics?') are discussed.

Foundations of Economics: A Beginner's Companion Review

Years ago while I was an undergraduate I decided to consider Economics as a major. I'd read a couple articles and these interested me to learn more--despite my high school Economics experience. One of the articles was Yanis Varoufaknis' (co-written with Joseph Haveli) 'The Global Minotaur' in Monthly Review.
I was so interested by the argument presented by Mr. Varoufaknis in that article that I...almost bought this book! And then checked it out from my college library! Then I bought it.
I credit this book with getting me an "A" in all the 'neoclassical' economic theory classes I had to take at the undergraduate level (Microeconomics, Macroeconomics, Labor Economics, as well as, History of Economic Thought).
The book is a gem. The writing flows and somehow maintains your interest in even the most arcane discussions of neoclassical economics. There are excellent quotes interspersed throughout the text. Brain teasing puzzles, paradoxes, and thought-experiments. Excellent summaries of a wide range of debates on a host of theoretical, policy, philosophical, and political issues relating to economics. Debates that can and will--if you're at all interested in economics--help you decide into what arena of economics you'll want to study. Or, whether or not you will want to study economics at all--and maybe, why you should or shouldn't. But besides all that, the book is a masterpiece in that it's an enjoyable and readable detailing of what modern economics is, and why it is that way. What an accomplishment! And once you have a solid understanding of those--which this book not only offers but demands--economics becomes not dismal but somehow, intriguing. Get your hands on this book. You'll be happy you did.

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