This classic text offers a broader intellectual foundation than traditional principles textbooks. It introduces students to both traditional economic views and their progressive critique. Revised, expanded, and updated for this new edition, the text puts the study of microeconomics, macroeconomics, and globalization in their historical context. While covering the same topics as a traditional text, it also offers a richer discussion of economic history and the history of economic thought, including the ideas of Karl Marx, Thorstein Veblen, and John Maynard Keynes. This allows students to see economics as a way of understanding the world - as a lens for social analysis - rather than, as immutable truth or ideal to which the world should be molded.This completely revised edition incorporates new chapters on microeconomics and macroeconomics, as well as more graphs to enhance the theoretical presentations. Unlike the previous editions, it includes many pedagogical tools to encourage student participation and learning. Each of the 56 chapters opens with Learning Objectives, and key terms appear in boldface within the text and are listed at the end of each chapter. Other end-of-chapter material includes Summary of Major Points, Analytical Questions, and References. An online Instructor's Manual is available to professors who adopt the text.

part |1 pages

Part I. Economics of History and History of Economics

part |1 pages

Part II. Microeconomics: Prices, Profits, and Poverty

part |1 pages

Part III. Macroeconomics: Growth and Stability

chapter |49 pages

Section 1 Aggregate Supply and Demand

chapter |71 pages

Section 2 Understanding Instability

chapter |27 pages

Section 3 Government Fiscal Policy

chapter |42 pages

Section 4 Money and Monetary Policy

part |1 pages

Part IV. International and Global Policy

chapter 52|7 pages

Exports and Imports

chapter 54|14 pages

Debate on Globalization

chapter 55|20 pages

Debate on Free Trade

chapter 56|19 pages