Foundations of Economics

This book explores key economic concepts, focusing on consumption and choice, production and markets, and government and the State, while connecting them to broader debates and addressing common student concerns.

Foundations of Economics provides a comprehensive exploration of fundamental economic concepts, focusing on three key areas: consumption and choice, production and markets, and the role of government and the State. The text aims to make economics more engaging by connecting these concepts to broader debates and real-world issues. By incorporating thought-provoking questions and philosophical discussions, it seeks to transform the often perceived dullness of economics into a lively and stimulating subject.

Each of the three main areas is examined not only through the lens of traditional textbook theories but also by considering their historical and philosophical developments. This approach encourages readers to reflect critically on the assumptions that underpin economic theories and to evaluate their relevance in today’s context. The book challenges conventional views, prompting readers to consider whether the established ideas truly hold up under scrutiny.

Moreover, Foundations of Economics addresses common concerns that students may have about their choice to study economics. It engages with questions such as, Should I be studying economics? and offers insights that can help alleviate anxieties related to the discipline. Overall, this book serves as both an introduction to key economic principles and a thought-provoking resource that inspires students to delve deeper into the subject, fostering a greater appreciation for the complexities of economics in the modern world.