This well respected textbook has been fully updated to reflect how economic policies on housing, crime, the environment, pensions among other areas, have changed in recent years. The book offers a lucid, non-technical introduction to important economic concepts, showing how they are applied in a real world setting.

About the Authors

Sarah Smith is Senior Research Fellow at the Centre for Market and Public Organisation at the University of Bristol, UK.

Julian Le Grand is the Richard Titmuss Professor of Social Policy at the London School of Economics, UK.

Carol Propper holds professorships at the University of Bristol, UK, where she co-founded the Centre for Market and Public Organisation, and at Imperial College, London, UK, where she heads the new Healthcare Management Group.

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