Komlos John (University Of Munich Germany) - Foundations Of Real - World Economics What Every Economics Student Needs To Know - Paperback

Binding: Paperback
Description: The 2008 financial crisis the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this textbooks remain frozen in time continuing to uphold traditional policies as though nothing has happened. Foundations of Real - World Economics demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies the real impact of the minimum wage the double - edged sword of free trade and other ways in which powerful institutions cause distortions in mainstream models. Bringing together the work of key scholars like Kahneman Minsky and Schumpeter this textbook takes into consideration the inefficiencies that arise when the perfectly competitive model is applied to the real world dominated by multinational oligopolies. The third edition has been updated throughout bringing in new material on the financial crises the rise of populism racism inequality climate change and the Covid - 19 pandemic. A must - have for students studying the principles of economics as well as micro - and macroeconomics this textbook redresses the existing imbalance in economic teaching as John Komlos focuses on the paradigm of humanistic economics.
Title: Foundations Of Real - World Economics What Every Economics Student Needs To Know
Author(s): Komlos John (University Of Munich Germany)
Publisher: Taylor & Francis Ltd
Barcode: 9781032001722
Pages: 396 Pages, 34 Tables, Black And White; 102 Line Drawings, Black And White; 24 Halftones, Black And W
Publication Date: 3/20/2023
Category: Economic History