A little history of economics Revised version

Niall Kishtainy

Book - 2017

What causes poverty? Are economic crises inevitable under capitalism? Is government intervention in an economy a helpful approach or a disastrous idea? The answers to such basic economic questions matter to everyone, yet the unfamiliar jargon and math of economics can seem daunting. This clear, accessible, and even humorous book is ideal for young readers new to economics and for all readers who seek a better understanding of the full sweep of economic history and ideas. Economic historian Niall Kishtainy organizes short, chronological chapters that center on big ideas and events. He recounts the contributions of key thinkers including Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and others, while examining topics ranging from... the invention of money and the rise of agrarianism to the Great Depression, entrepreneurship, environmental destruction, inequality, and behavioral economics. The result is a uniquely enjoyable volume that succeeds in illuminating the economic ideas and forces that shape our world.

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Subjects
Published
New Haven : Yale University Press 2017.
Language
English
Main Author
Niall Kishtainy (author)
Edition
First edition
Physical Description
vi, 249 pages : illustrations ; 23 cm
Bibliography
Includes bibliographical references and index.
ISBN
9780300206364
  • Cool heads and warm hearts
  • The soaring swans
  • God's economy
  • Going for gold
  • Nature's bounty
  • The invisible hand
  • Corn meets iron
  • An ideal world
  • Too many mouths
  • Workers of the world
  • A perfect balance
  • Shut out the sun
  • The profits of war
  • The noisy trumpeter
  • Coke or Pepsi?
  • The man with a plan
  • Flashing your cash
  • Down the plughole
  • Creative destruction
  • The prisoners' dilemma
  • The tyranny of government
  • The big push
  • The economics of everything
  • Growing up
  • Sweet harmony
  • A world in two
  • Fill up the bath
  • Ruled by clowns
  • Money illusion
  • Future gazing
  • Speculators on the attack
  • Saving the underdog
  • Knowing me, knowing you
  • Broken promises
  • Missing women
  • Minds in fog
  • Economics in the real world
  • Bankers go wild
  • Giants in the sky
  • Why be an economist?
Review by Choice Review

In 40 short (five-seven pages), easily digestible bites, Kishtainy leads readers through a history of how people have thought about and tried to understand how economic systems work. Beginning with the Greeks, introducing Adam Smith, and ending with recent thinking about the causes and consequences of growing inequality on wealth and income, the author tries to take readers inside the ways in which economists have approached this job. Descriptions of developments in economic theory are necessarily very brief and lack depth and nuance. The writing is pleasant and unchallenging, and the depth of the discussions is suitable for people with no background in economics. The downside of the approach is that readers are left with little basis for determining which approach--or approaches--are appropriate for thinking about and developing policies to deal with the problems of national and, increasingly, interconnected economies. If readers are encouraged to undertake a more in-depth study of economics, then this book may have served a purpose. But if they read it and take it as providing adequate understanding of the development of economic thinking, then it will have done more harm than good. Summing Up: Optional. General readers. --Donald A. Coffin, Indiana University Northwest

Copyright American Library Association, used with permission.