An Introduction to Economics: An Interpretive Approach

Watkins, John P.

Published by CreateSpace Independent Publishing Platform, 2013
ISBN 10: 148397216X / ISBN 13: 9781483972169
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Synopsis: If students had but one class in economics, what should be included? This book places the ideas of Smith, Marx, Veblen, Keynes and others in addition to micro, macro, money, environmental economics, and so on in the context of the origins and evolution of capitalism. I hope students take from this book some appreciation for the complexity of the economic system in which we live. I hope they realize that there are numerous ways to view that system. And I hope they recognize that economic ideas are often used to defend or to critique the system as to understand it. Ultimately, economics is about making the world a better place. This book rests on a number of propositions. First, intellectually curious students learn best when presented with paradox, ambiguity, and contradiction. Paradox follows from the underlying theme: are economic phenomena reducible to the choices of individuals? Or are choices channeled by the underlying institutions, by sets of humanly created rules? The confusion imposed by different points of view help intellectually curious students use the ideas presented to find their own way. If truth be found, it lies in sampling different ideas, listening to different stories, and allowing students to decide for themselves. Second, students learn better when presented with clear, concise writing. I have taken the advice of Deirdre McCloskey: clarity stems from brevity, applying efficiency to the written word. Third, learning economics is about telling stories, applying economic ideas to understand real-world problems. Economics is much like advanced kindergarten: we connect dots, draw pictures, and tell stories. The key lies in the stories, mappings between theory and reality. Let the stories begin.

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Bibliographic Details

Title: An Introduction to Economics: An ...
Publisher: CreateSpace Independent Publishing Platform
Publication Date: 2013
Book Condition: Very Good

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