The primary purpose of this book is to present some of the key economicconcepts that have guided economic thinking in the last century and to identifywhich of t... » 

The primary purpose of this book is to present some of the key economicconcepts that have guided economic thinking in the last century and to identifywhich of these concepts will continue to direct economic thought in the comingdecades. This book is written in an accessible manner and is intended for awide audience with little or no formal training in economics. It should alsointerest economists who want to reflect on the direction of the discipline andto learn concepts and achievements in other subfields. The author imparts hisenthusiasm for the economic way of reasoning and its wide applicability.Through the abundant use of illustrations and examples the author makesconcepts understandable and relevant. Topics covered include game theory thenew institutional economics market failures asymmetric informationendogenous growth theory general equilibrium rational expectations andothers. «