Introduces four of the most influential economists you'll never read in a modern economics class - Marx, Veblen, Keynes, and Galbraith.
Few economics programs today offer students the opportunity to study the history of economic thought or the philosophical foundations of diverse schools of economics. Introduction to Political Economy reintroduces these ideas into the curriculum by presenting the work of the most influential economists of modern times - Smith, Marx, Veblen, Keynes, and Galbraith. Introduction to Political Economy covers these thinkers' central ideas, including their writings on social class, the role of government in taming capitalist economies, and the misleading assumptions abour human bahavior in mainstream models. It also includes chapters on monopoly capitalism, the Swedish "middle way" between capitalism and socialism, and the Mondragón Corporation in Spain's Basque Country. The book also includes pieces on the economic thought of Hyman Minsky, bahavioral economics, fiscal austerity, the global surplus workforce, and more.