Sinposis

It examines the collection of ideas that constitute the core of economic thought in the five basic fields of economics: growth theory, income distribution, macroeconomics, price theory and international trade. In each of these, the analysis is chronological, detailing the various events and developments that led scholars to inquire into the underlying mechanics of the phenomena in question. This is followed by a critical examination of the various scholarly contributions, including those of Nobel Prize laureates, in terms of their scientific merit. Each of the five core chapters begins with a listing of chapter objectives and ends with a summary, as well as discussion questions to encourage debate. Short excerpts from the key works are provided to allow the reader first-hand exposure to primary sources.