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Economics: The Basics provides a fascinating introduction to the key issues in contemporary economics. With case studies ranging from the coffee plantations of El Salvador to the economic slowdown in Japan, it addresses questions such as whether increasing wealth for some always means increasing poverty for others, and whether producing more food for humankind means we drive other species to extinction. Comprehensive and easy to read, it is essential reading for anyone who wants to understand how economics works and why it is important.Concise Blurb :Economics: The Basics provides a fascinating introduction to the key issues in contemporary economics. With case studies ranging from the coffee plantations of El Salvador to the international oil industry and the economic slowdown in Japan, it addresses fundamental issues such as:A· Whether economic growth is always bad for the environmentA· What impact multinational companies and the WTO have on developing countriesA· How price, markets, supply and demand interact across the worldA· How money comes to have worth, and how this can be regulatedA· How unemployment affects inflationComprehensive and easy to read, this accessible guidebook is essential reading for anyone who wants to understand how economics works and why it is important.
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ECONOMICS T H E B AS I C S Economics: The Basics provides a fascinating introduction to the key issues in contemporary economics. Comprehensive and easy to read, it covers major microeconomic and macroeconomic aspects including: ● ● ● ● ● ● demand, supply and price theory; monopoly and competition; inflation and unemployment; money, banking and government policies; international trade; developmental and environmental issues. Through case studies ranging from the coffee plantations of El Salvador to the international oil industry and the economic slowdown in Japan, this book addresses the fundamental theoretical and practical issues in economics. This accessible guidebook is essential reading for anyone who wants to understand how economics works and why it is important. Tony Cleaver is Vice-Master of Grey College and lecturer in the Department of Economics and Finance at the University of Durham, UK. © 2004 Tony Cleaver You may also be interested in the following Routledge student reference titles: FIFTY MAJOR ECONOMISTS STEVEN PRESSMAN THE ROUTLEDGE COMPANION TO GLOBAL ECONOMICS EDITED BY ROBERT BENYON BUSINESS: THE KEY CONCEPTS MARK VERNON FIFTY KEY FIGURES IN MANAGEMENT MORGEN WITZEL INTERNET: THE BASICS JASON WHITTAKER © 2004 Tony Cleaver ECONOMICS THE BASICS Tony Cleaver © 2004 Tony Cleaver First published 2004 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN Simultaneously published in the USA and Canada by Routledge 270 Madison Avenue, New York, NY 10016 Routledge is an imprint of the Taylor & Francis Group This edition published in the Taylor and Francis e-Library, 2005. “To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” © 2004 Tony Cleaver All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Cleaver, Tony, 1947– Economics: the basics / Tony Cleaver. p. cm. – (The basics) 1. Economics. I. Title. II. Series: Basics (Routledge (Firm)) HB171.C655 2004 330–dc22 ISBN 0-203-49602-7 Mas