Presents fifty essays that discuss the central theories and topics in the field of economics.
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Edmund Conway is economics editor of the Daily Telegraph. He was Media Leader at the World Economics Forum in Davos, 2008, and makes frequent TV and radio appearances. He lives in London.
Introduction. The Basics: The invisible hand; Supply and demand; The Malthusian trap; Opportunity cost; Incentives; Division of labour; Comparative advantage. The Movements: Capitalism; Keynesianism; Monetarism; Communism; Individualism; Supply-side economics; The marginal revolution. How Economies Work: Money; Micro and macro; Gross domestic product; Central banks and interest rates; Inflation; Debt and deflation; Taxes; Unemployment; Currencies and exchange rates; Balance of payments; Trust and the law; Energy and oil. Finance and Markets: Bond markets; Banks; Stocks and shares; Risky business; Boom and bust; Pension and the welfare state; Money markets; Blowing bubbles; Credit crunches. The Issues: Creative destruction; Home-owning and house prices; Government deficits; Inequality; Globalization; Multilateralism; Protectionism; Technological revolution. Alternative Economics: Development economics; Environmental economics; Behavioural economics; Game theory; Criminomics; Happynomics. 21st-century economics. Glossary. Index.
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