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Economics: A New Introduction [Paperback]

Hugh Stretton
5.0 out of 5 stars  See all reviews (1 customer review)
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Book Description

20 Oct 1999 0745315313 978-0745315317
'Stretton provides a brilliant, critical and fresh look at the whole of economics. He points to the contradictions and the lack of realism in its current approaches. I cannot recommend this book too strongly.' Paul Streeten, Boston University, founder of World Development journal

'Introduces the reader to the many different skills required in economics: analysis, a knowledge of history and institutions, philosophical concepts, quantitative precision, judgement, relevance and a sense of time and place.' G.C. Harcourt, Cambridge University

“The publication of this book is one of the most important events of the last ten years in economics. It is not a flimsy response to the stagnating orthodoxy, but a substantial quality alternative building upon solid philosophical foundations.”—Michael Keaney, Glasgow Caledonian University

Economics: A New Introduction provides a fresh introduction to real economics. Highlighting the complex and changing nature of economic activity, this wide-ranging text employs a pragmatic mix of old and new methods to examine the role of values and theoretical beliefs in economic life and in economists’ understanding of it. It attends to the problems which have come with high productivity, rapidly changing technology and skills, changing proportions of earning and non-earning years in most people’s lives, and a faltering revolution in childhood and parenting which has brought stress and over-work for many women. It addresses such issues as rising poverty, inequality, insecurity and the slow progress of environmental reform. In focusing on such abuses of affluence the text draws on institutional, Keynesian, green and feminist theories, while emphasising all approaches to understanding economic life.

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Product details

  • Paperback: 864 pages
  • Publisher: Pluto Press (20 Oct 1999)
  • Language: English
  • ISBN-10: 0745315313
  • ISBN-13: 978-0745315317
  • Product Dimensions: 19.2 x 4.4 x 24.4 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 970,060 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Review

Exactly what is needed for the thoughtful and concerned student. It introduces the reader to the many different skills required in economics: analysis, a knowledge of history and institutions, philosophical concepts, quantitative precision, judgement, relevance and a sense of time and place. (G.C. Harcourt, Cambridge University )

Extremely well-written and ought to prove immensely valuable to those beginning their university study of economics. Stretton blends a basic grounding in theory with well-judged and genuinely interesting case studies. The text, unlike many others in the field, is actually readable and enjoyable and should attract students rather than repel them as so many do. (Derek Braddon, University of the West of England )

About the Author

Hugh Stretton studied law and classics at Melbourne University, history at Oxford University, and economics as a visiting fellow at Princeton University. He has been a Fellow and Dean of Balliol College, Oxford and taught at Smith College, Massachusetts, Professor of History and Research Fellow in Economics at the University of Adelaide. He is a Fellow of the Australian Academies of the Humanities and the Social Sciences. His most recent book is Public Goods, Public Enterprise, Public Choice: Theoretical Foundations of the Contemporary Attack on Government (coauthored with Lionel Orchard).

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Most Helpful Customer Reviews
3 of 3 people found the following review helpful
Format:Paperback
This book methodically and critically takes apart the conventional wisdom and exposes the assumptions behind mainstream liberal and neo-liberal economic thinking. It provides a much-needed tool-box of well articulated and strong counter-arguements against those aspects of neo-liberal economic thinking that have socially damaging effects. While hardly radical it provides a democratic socialist economic perspective than has long been needed to counter the neo-liberal perspective.
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Amazon.com: 5.0 out of 5 stars  4 reviews
49 of 50 people found the following review helpful
5.0 out of 5 stars Economics as you've never seen it 14 Mar 2000
By Michael Keaney - Published on Amazon.com
Format:Paperback
The typical economics primer is a weighty tome whose content is not noted for its ability to inspire its readers. In addition, by adhering to the time-worn principle of treating the subject as a "positive" science, the pretence that it has no political ramifications is carefully crafted. Most who choose to continue their study of economics are thus indoctrinated into the myth of market versus state, and the "impartiality" of economic "scientists". For example, not for a minute is the state's actual role in propping up the "market" given its due consideration -- that would overly complicate matters, and spoil the pretty theoretical models. Conventional economics' public relations work for our political economic system would also suffer.

For those interested in how the real world works, this book offers an introduction to economics like no other. The breadth of its coverage and depth of its discussions put the authors of other conventional texts to shame for their blasé treatments of intensely political issues they describe as "purely economic", as if there could be such a thing. This is Political Economy writ large, and the connectedness of the political and the economic forms the basis of Stretton's revision of the entire corpus of economics.

For an accessible, well-written, and wholly serious treatment of an essential subject, beginners and experienced alike would be hard put to find a better source of its kind.

6 of 6 people found the following review helpful
5.0 out of 5 stars A must read for every economic student... and professor 31 July 2005
By touraj - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
The first seven chapters of this book should be a must-read for anyone who is determined to study economics, irrespective of one's socio-political biases. Cause and effect relationships, facts-values-selections, assertions vs. mathematical explanations, and many other topics related to critical thinking are clearly explained. I wish I had access to this book when I was trying to understand the underlying assumptions of microeconomics which my professors simply ignored to explain.

I am now ready to read the remaining 53 chapters of this book as well as reread all my old economics textbooks, including Samuelson's!
6 of 6 people found the following review helpful
5.0 out of 5 stars Now for something completely different...and GOOD! 15 Oct 2003
By economist - Published on Amazon.com
Format:Paperback
This is a completely different textbook from the ones flooding the market place of elementary economics education. Steeton is a scholar with a background in the classics and the humanities and brings to economic inquiry a vision lacking in most treatments of the subject. I can not recommend this book enough!
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