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Economics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics uncovers these processes, finds explanations for them, and how it forms policies and solutions. Along the way, Dasgupta provides an intelligent and accessible introduction to key economic factors and concepts such as individual choices, national policies, efficiency, equity, development, sustainability, dynamic equilibrium, property rights, markets, and public goods. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
This book investigates how economic principles provide a framework for understanding global inequality and the mechanisms that shape human well-being. Partha Dasgupta, a distinguished economist, utilizes a comparative narrative approach to illustrate how economic theory applies to the disparate realities of individuals in different global contexts. By contrasting the lives of children in the United States and Ethiopia, he demonstrates how institutional structures, resource allocation, and policy decisions dictate life outcomes.
What You Will Find
Scope Limits
Experts and readers recognize this text as a highly accessible entry point for those unfamiliar with the complexities of economic theory. The prose is noted for its clarity and ability to distill dense academic concepts into relatable, real-world scenarios.
Page Count:
193
Publication Date:
2007-01-01
Publisher:
OUP Oxford
ISBN-10:
0191578282
ISBN-13:
9780191578281
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