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Foundations of Real-world Economics : What Every Economics Student Needs to Know by John Komlos; Taylor & Francis (Londyn) is a nonfiction available to read on EtoBox.

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The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imagina

Who reads Foundations of Real-world Economics : What Every Economics Student Needs to Know?

Author

John Komlos; Taylor & Francis (Londyn)

Publisher

Routledge, Taylor & Francis Group

Published

2019

Language

EN

ISBN

9781138296541

Category

nonfiction

Subjects

Economics, Business

Updated

2026-03-24