MACROECONOMICS provides readers with a running co... more

MACROECONOMICS provides readers with a running commentary on the standard approach, while simultaneously introducing them to a broader range of ideas about the causes and appropriate policy responses to a wide range of common economic problems. It explains the key principles that underlie a variety of alternative theoretical perspectives including institutionalist economics, radical economics, Post Keynesian economics, feminist economics, ecological economics, Marxist economics, social economics, and socioeconomics in clear and accessible style.Key Features The book provides a balanced critique of the standard introductory macroeconomic curriculum It brings alternative perspectives into the classroom in an accessible way that empowers students to think about the economy in new and exciting ways The book also includes end-of-chapter study questions, as well as a detailed note to instructors... less

Are monopolies truly a problem in a free market?C... more

Are monopolies truly a problem in a free market?Competition is seen as a continuous process in a free market. This book comprehensively explores the competitive process in its two mechanisms, the transfer of market share from one rival to another, and innovation of a new product, new method of production, new market opening, or new source of supply of raw materials. The Economics of Competition uses the South African pharmaceutical industry as a case study to challenge accepted economic and regulatory views on competition and monopoly, then re-establishes and emphasizes the importance of foundational economic principles. The effects of public policy, legislation, and pricing regulations are discussed in detail. The book has several tables and figures to enhance clarity and is extensively referenced.This detailed examination is designed to be useful and informative for scholars and practitioners of competition (antitrust) law, microeconomics, industrial economics, industrial organization, managerial economics, and marketing strategy.... less

Over the past twenty years, the study of industri... more

Over the past twenty years, the study of industrial organizationthe analysis of imperfectly competitive marketshas grown from a niche of micro-economics to a key component of economics and of related disciplines such as finance, strategy, and marketing. This book provides an issue-driven introduction to industrial organization. While formal in its approach, the book is written in a way that requires only basic mathematical training. Supplemental materials posted on the Web make more extensive use of algebra and calculus.... less

Kautilya, also known as Chanakya, is Indias most ... more

Kautilya, also known as Chanakya, is Indias most illustrious political economist of all time. He regarded economic activity as the driving force behind the functioning of any political dispensation. In fact, he went to the extent of saying that revenue should take priority over the army because sustaining the army was possible out of a well-managed revenue system.Kautilya advocated limiting the taxation power of the State, having low rates of taxation, maintaining a gradual increase in taxation and most importantly devising a tax structure that ensured compliance. He strongly encouraged foreign trade, basing it on the premise that for a successful trade contract to be established, it had to be beneficial to all. He emphasised State control and investment in land, water and mining. Kautilya was a true statesman who bridged the gap between experience and vision. For Kautilya, good governance was paramount. He suggested built-in checks and balances in systems and procedures for the containment of malpractices. Many postulates of Kautilyas philosophy of political economy are applicable to contemporary times.... less