A witty, entertaining, accessible introduction to modern economic thought. Buchholz shows how the ideas of the great economic thinkers throughout history - Adam Smith, John Stuart Mill, Karl Marx, John Maynard Keynes, and others - apply to the world today. Each chapter is centred around one economist. The author seamlessly combines colourful historical anecdotes with explanations of how a particular economist influenced the way we think about the world today, making this a great read for anyone wanting to learn more about economics. This edition contains about 10,000 words of new material on the economic issues we are facing in the 21st century: Increasing demand for energy, the rise of China, international trade, ageing populations, health care and even global warming. Most of the new material will be integrated into the existing text in the appropriate chapter, and examples will be updated throughout. The author is also writing a new preface.

Author Biography

Todd G Buchholz is an internationally acclaimed economist who advises some of the world's leading investment funds. He taught economics at Harvard University, where he was awarded the Allyn Young Teaching Prize by the Dept of Economics, and he holds advanced degrees in economics and law from Cambridge and Harvard Universities. His writing has appeared in the Wall Street Journal, the New York Times and Forbes, among other publications.