THE FIRST GERMAN edition of this book appeared in 1940. Since then the book has gone through five more editions and has been translated into Spanish and Italian

Suitable for foundation degrees and non-specialist courses for first year undergraduates, this book introduces students to both Microeconomic and Macroeconomic

Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-

What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of lega

All human activities, including mental activities, are governed by physical laws and are essentially thermodynamic processes. However, current economic theories