Description
Book Synopsis
Economics is often viewed as the dismal science, a dry subject with few ready applications to the real world. This concise reference examines the history of economic thought and the dynamic people and movements that shaped the economic landscape of the world, past and present.
It chronicles the rise of modern capitalism and the other isms, e.g., democratic socialism, communism, and fascism. It explores the expansion of business enterprise and countervailing forces such as the consumer movement and the labor movement. It delves into the world of finance, saving and investing, and the incentives that drive economic activity. It demystifies the complexities of the macroeconomy by explaining the process of economic growth and how the government combats the recurring problems of recession, unemployment, and inflation. It examines the globalization juggernaut, and the whirlwind of cross-border business activity that helps create enormous wealth for some, economic
Table of Contents
List of Figures List of Tables Preface Acknowledgments Common Abbreviations in Economics Timeline of Key Economic Events of the Modern Era: 1750-2005 Economics as a Social Science A Survey of Economic History and Economic Thought The Rise of Modern Capitalism: The Power of the Market The Other ISMS: Socialism, Communism, and Fascism Business Firms: The Basic Production Unit Consumers Organize: Consumer Behavior and Consumer Power Workers Organize: The Labor Force and Labor Power Financial Markets: The Arteries of Economic Activity Perspectives on Economic Growth In Search of Economic Stability Globalization: Creating a Global Marketplace The Challenge of Sustainable Economic Development Careers in Economics Glossary of Selected Terms Key Economic Web Sites Selected Videotapes Index to Biographies General Index
