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The Economic Problem Hardcover – 20 Nov 1989

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Hardcover, 20 Nov 1989
£152.49 £0.01
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Most Helpful Customer Reviews on (beta) 5.0 out of 5 stars 1 review
6 of 6 people found the following review helpful
5.0 out of 5 stars Still the best introductory economics text 8 Dec. 2010
By sirdavidhasselhoff - Published on
Format: Hardcover
Don't let the age of this book dissuade you from finding a good 2nd hand copy; this text is still extremely relevant today. Supply and demand, the circular flow, identities, C, I, G, X, money, growth, microeconomics, trade; it's all here. In fact the breadth of the text is pretty amazing. I have to go out of my way to commend the explanation of the circular flow and the relationship between consumption, investment, saving etc. especially; this is one of the core concepts of economics that must be mastered and Heilbroner explains it better than any other author I have seen. Heilbroner will always be my favourite economist; his style of writing is lucid and entertaining; it jumps off the page at you. It is also interesting to read the author's occasional musings about the problems of the time, and to think about how they have (or haven't) been resolved 20 years later. Heilbroner is also big on economic history: he gives a short outline of the ideas of smith, marx and keynes in addition to economic history in the early chapters of the book. Most textbooks today completely skip over this aspect, but it is integral to the understanding of economics.

Pair this book with a copy of Heilbroner's 'Making of Economic Society' and you will have an unparalleled introduction to economics.
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