Economy, Society, and Public Policy

The dynamic approach makes a sound rejoinder to the critics of the subject as the "dismal science" and its teaching which shows exactly how it is as relevant today as it was during the formative years of Adam Smith or the crisis years of Keynes.

Autorentext

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Klappentext

Economy, Society, and Public Policy is a new way to learn economics. It is designed for students studying social sciences and other disciplines who want to understand how the economy works and how it can be made to work better. By addressing problems like inequality, climate crisis and financial instability, ESPP introduces economics as policy-oriented yet also quantitative and analytical.

Zusammenfassung
In order to be well-governed, a democracy needs voters who are fluent in the language of economics and who can do some quantitative analysis of social and economic policy. We also need a well-trained cadre of researchers and journalists who have more advanced skills in these fields. Many students in other disciplines are drawn to economics so that they can engage with policy debates on environmental sustainability, inequality, the future of work, financial instability, and innovation. But, when they begin the study of economics, they find that courses appear to have little to do with these pressing policy matters, and are designed primarily for students who want to study the subject as their major, or even for those destined to go on to post-graduate study in the field. The result: policy-oriented students often find they have to choose between a quantitative and analytical course of studyeconomicsthat is only minimally policy oriented in content and that downplays the insights of other disciplines, or a policy and problem-oriented course of study that gives them little training in modelling or quantitative scientific methods. Economy, Society, and Public Policy changes this. ills in It has been created specifically for students from social science, public policy, business studies, engineering, biology, and other disciplines who are not economics majors. If you are one of these students, we want to engage, challenge, and empower you with an understanding of economics. We hope you will acquire the tools to articulate reasoned views on pressing policy problems. You may even decide to take more courses in economics as a result. The book is also being used successfully in courses for economics, business, and public policy majors, as well as in economics modules for masters courses in Public Policy and in Philosophy, Politics and Economics (PPE). This textbook - the print complement to CORE's open-access online eBook - is the result of a worldwide collaboration among researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.

Inhalt

• 1: Capitalism and democracy: Affluence, inequality, and the environment

• 2: Social interaction and economic outcomes

• 3: Public policy for fairness and efficiency

• 4: Work, wellbeing, and scarcity

• 5: Institutions, power, and inequality

• 6: The firm: Employees, managers, and owners

• 7: Firms and markets for goods and services

• 8: The labour market and the product market: Unemployment and inequality

• 9: The credit market: Borrowers, lenders, and the rate of interest

• 10: Banks, money, housing, and financial assets

• 11: Market successes and failures

• 12: Governments and markets in a democratic society