By 2000, Ireland had achieved a remarkable macroeconomic performance: 10% economic growth annually, a budget surplus, and a very low debt to GDP ratio. Emigration had disappeared and there was significant immigration from Eastern Europe. Yet, by November 2010, output had collapsed to an extent unprecedented among post war industrial countries, the budget deficit was out of control, and the debt to GDP ratio had soared to around 100%. In an unprecedented development, Ireland was forced to a...

This is a book about the discovery of macroeconomic ideas and concepts long before the term macroeconomics had been coined. The cast of authors varies from doctors and physicians (Sir William Petty and François Quesnay), to philosophers (David Hume and Adam Smith), to bankers (Richard Cantillon and Henry Thornton) to Prime Ministers of France (John Law and Anne Robert Jacques Turgot). These authors had very rich and varied careers and the book invites readers to imagine specific moments in...

In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much worse.In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of do...

Capital: The Process of Capitalist Production is Marx's monumental critique of political economy and the first volume of his analysis of capitalism's inner laws. Moving from the commodity and money to surplus value, machinery, accumulation, and primitive accumulation, the book combines rigorous economic argument, historical inquiry, philosophical dialectic, and biting literary satire. Written against classical economists such as Smith and Ricardo, it transforms political economy into a cri...

'A groundbreaking work of economic analysis. It is also a literary masterpice' Francis Wheen, GuardianOne of the most notorious and influential works of modern times, Capital is an incisive critique of private property and the social relations it generates. Living in exile in England, where this work was largely written, Marx drew on a wide-ranging knowledge of its society to support his analysis. Arguing that capitalism would cause an ever-increa...

A Nobel Prize winner's most important, groundbreaking work, collected in one volumeThe Firm, the Market, and the Law gathers the most important and lasting works by Nobel Prize-winning economist Ronald Coase. Awarded the Nobel Prize in 1991 for his groundbreaking work on the significance of transaction costs and property rights, Coase continually urged his fellow economists to examine the real-world foundations on which their theories rest. This volume col...

Exam Board: AQALevel: AS/A-levelSubject: EconomicsFirst Teaching: September 2015First Exam: June 2016Build knowledge of Economics through active learning with the latest Powell textbook, featuring quantitative skills practice and brand new case studies.This textbook has been fully revised to reflect the 2015 AQA A-level specification, giving you ...

John Maynard Keynes (1883-1946) is a central thinker of the twentieth century, not just an economic theorist and statesman, but also in economics, philosophy, politics, and culture. In this Very Short Introduction Lord Skidelsky, a renowned biographer of Keynes, explores his ethical and practical philosophy, his monetary thought, and provides an insight into his life and works. In the recent financial crisis Keynes's theories have become more timely than ever, and remain at the ce...

The questions surrounding how the Irish economy was brought to the brink – who was to blame, and who should pay for these mistakes – have been rightly debated at length. But beyond this very legitimate exercise, there are deeper questions that need to be answered.These questions relate to why we made the decisions we did, not just in the last 10 years, but over the last 80. How did certain industries become prominent at the expense of others, banking as opposed to ...

Adam Smith is celebrated all over the world as the author of The Wealth of Nations and the founder of modern economics. A few of his ideas - that of the 'Invisible Hand' of the market and that 'It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest' - have become icons of the modern world. Yet Smith saw himself primarily as a philosopher rather than an economist, and would never have predicted ...

A clear, concise and entertaining introduction to the economics of today, written by Sydney Morning Herald/The Age economics guru Ross Gittins.Drawing on many of Ross's popular columns and the needs of final year high school economics students, Gittins' Guide provides bite-sized, easy-to-follow explanations of the key issues in economics and macroeconomics that shape our world. Featuring Ross's trademark intelligence, clarity and down-to-earth approach, this book ...

MARXISM has failed and welfare state capitalism is crippled. Governments need a strategy to lift the burden of debt threatening the economy, social harmony and family stability. We can rebuild the community, but only by adopting a policy based on a philosophy that guarantees property rights and prosperity for everyone.