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
Biography
Amal Sanyal teaches economics at Lincoln University, New Zealand. He has taught and interacted with many other universities, including Jawaharlal Nehru University, New Delhi. He has worked in theoretical macroeconomics, political economy and developmental policy. He has written on public policy issues in India and contributed to development planning in Mauritius. He has also contributed to theoretical research in governance, corruption and tax evasion. His work has appeared in journals like Economica, Public Choice, Journal of Comparative Economics, Journal of Post Keynesian Economics and Economic and Political Weekly.
