Microeconomic Principles and Problems

Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern economics, including mainstream and heterodox approaches. By providing multiple views of markets and how they operate, it equips readers to better understand and analyse the complex behaviours of consumers, firms, and government officials, alongside the potential impacts of various economic events and policies.

Most principles of microeconomics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They frequently lack material on the great economists, omitting significant concepts from Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes, and Friedrich Hayek. Mainstream books often neglect the kind of historical analysis that is crucial for understanding trends that can help predict the future. Moreover, they focus on abstract models more than the existing economic realities. This engaging book addresses these inadequacies. By including explicit coverage of the major heterodox schools of thought, it allows readers to choose which ideas they find most compelling for explaining modern economic realities.

Written in an engaging style focused on real-world examples, this ground-breaking book brings economics to life. It offers the most contemporary and complete package for any pluralistic microeconomics class.