Economics is too important to be left to the economists. This concise and readable book provides non-specialist readers with all the information they need to understand how capitalism works (and how it doesn't). Economics for Everyone, now published in second edition, is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wages are explored, and their importance to everyday life is revealed. Stanford answers questions such as "Do workers need capitalists?", "Why does capitalism harm the environment?", and "What really happens on the stock market?" The book will appeal to those working for a fairer world, and students of social sciences who need to engage with economics. It is illustrated with humorous and educational cartoons by Tony Biddle, and is supported with a comprehensive set of web-based course materials for popular economics courses.
Acknowledgements Introduction: Why Study Economics? Part One: Preliminaries 1 The Economy and Economics 2 Capitalism 3 Economic History 4 The Politics of Economics Part Two: The Basics of Capitalism: Work, Tools, and Profit 5 Work, Production, and Value 6 Working with Tools 7 Companies, Owners, and Profit 8 Working for a Living 9 Reproduction (for Economists!) 10 Closing the Little Circle Part Three: Capitalism as a System 11 Competition 12 Business Investment 13 Employment and Unemployment 14 Inequality and its Consequences 15 Divide and Conquer 16 Capitalism and the Environment Part Four: The Complexity of Capitalism 17 Money and Banking 18 Inflation, Central Banks, and Monetary Policy 19 Paper Chase: Stock Markets, Financialization, and Pensions 20 The Conflicting Personalities of Government 21 Spending and Taxing 22 Globalization 23 Development (and Otherwise) 24 Closing the Big Circle 25 The Ups and Downs of Capitalism 26 Meltdown and Aftermath Part Five: Challenging Capitalism 27 Evaluating Capitalism 28 Improving Capitalism 29 Replacing Capitalism? Conclusion: A Dozen Big Things to Remember Index
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