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Economics Explained

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Table of Contents

Introduction I The Economic Background One Capitalism: Where Do We Come From? Two Three Great Economists Three A Bird's-Eye View of the Economy Four The Trend of Things II Macroeconomics -- The Analysis of Prosperity and Recession Five The GDP Six Saving and Investing Seven Passive Consumption, Active Investment Eight The Economics of the Public Sector Nine The Debate About Government Ten What Money Is Eleven How Money Works III Microeconomics -- The Anatomy of the Market System Twelve How Markets Work Thirteen Where Markets Fail Fourteen The Two Worlds of Business IV Problems Fifteen The Specter of Inflation Sixteen The Inequality Problem Seventeen Globalization Eighteen National Policy in a Globalized World Nineteen The Unfinished Revolution Index

About the Author

Robert Heilbroner, one of America's foremost economists, is the author of THE WORDLY PHILOSOPHERS and other books. Lester Thurow is the author of many books including Head to Head. He teaches at MIT.


Robert B. Reich, former Secretary of Labor and author of Locked in the Cabinet In this delightfully written primer, Heilbroner and Thurow sweep away the debris of economic theory to expose the political and social choices lying just below it. Ms. At last, a patient but not condescending, detailed but not recondite, conversational but not glib discussion of the factors and terms that any reader of the daily newspaper needs to understand. The Boston Globe An excellent course in the history of capitalism and socialism, of growth, progress, and decline.

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