This book is specifically designed to meet the requirements of an introductory course in economics, covering both microeconomic and macroeconomic fundamentals. It addresses current economic challenges, placing particular emphasis on issues of inequality, globalization, unpaid labor, technology, financialization, and the environment. In this way, it offers a comprehensive and up-to-date introduction to 21st-century economics.
Aspects of history, institutions, gender, ethics, and ecology run throughout the book, and economic analysis is presented in the context of broader themes of human well-being and social and environmental sustainability. The theoretical references are kept close to reality by incorporating numerous examples from the real world, in an accessible and understandable style.
Among other things, the book includes:
- a chapter dedicated entirely to economic inequality
- up-to-date discussions on the impacts of the COVID-19 pandemic on the labor market, inflation, and more
- a comprehensive approach to economics, analyzing the economy within its social and environmental context (including greater focus on issues outside the U.S.)
- emphasis on the goals of human well-being, stability, and sustainability, rather than an exclusive focus on market activities.
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