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The global financial crisis has drawn attention to the importance of understanding historical ideas and learning lessons from the past. However, it can sometimes be difficult to trace the connection between old ideas and modern day issues. This textbook presents a unique thematic overview of the history of economic thought, which connects past economic ideas to current methods and problems. The topics chosen are all important for the understanding of contemporary economic issues, including economic crises, recessions and depressions, property rights, taxation and the economics of deficits and debt. The book differs from other texts on the market in providing readers with the ability to see how these ideas developed, and therefore to provide them with a level of context that will shed new light on the economic events of the modern world. The thematic approach enables the student to trace the evolution of a particular topic, focussing in on scholars whose contributions to the area have been particularly influential. Filled with student-friendly features, the book will be supported by a companion website, which will offer a host of materials such as interviews with economists and policymakers. It will provide invaluable reading for all students of the history of economic thought and economic issues.
