Evolution of Economic Ideas and Systems

In order to fully understand the evolution and future growth of economic systems, we must draw on the lessons of economic history. Historical analysis is crucial to understanding trends and patterns that can help us predict the future. The Evolution of Economic Ideas and Systems continues to present a groundbreaking pluralist introduction to economic history and the history of economic thought.

Tracing the development of economic systems and economic thought, the text introduces students to the story from ancient times to contemporary capitalism, and also its critics. Focusing, in particular, on Smith, Marx, Veblen, and Keynes, the text encourages students to consider which ideas and systems are still relevant in the modern world. This second edition includes brand-new chapters on the role of government in modern micro- and macroeconomic systems, inequality, climate change and environmental regulations, economic growth and globalization, as well as a concluding chapter exploring modern themes in economic systems. There is also additional material on non-Western economic systems, and the views of economists and anthropologists on economic behavior.

A comprehensive package of supplementary teaching resources is also available for instructors. The Evolution of Economic Ideas and Systems remains an ideal standalone text for relevant classes or as a supplement to standard texts.