Understanding the Economy is about ideas. The book explores thedebates ineconomics,putting ideas into the historical context crucial for understanding debates between the Left and Right. This text offers a highly accessible, non-mathematical introduction to macroeconomics, and it is specially written to cater for the needs of students taking foundation courses in economics. *Balances theory and application. *Non-mathematical, 'user-friendly' approach. *Updated to focus on the new debate between Keynesians and supply-side monetarists. *Brand new pedagogy including: learning objectives; chapter summaries; questions and problems; highlighted key terms; review questions with answers; boxed examples and navigational aids.