Economics and its Stories demystifies technical terminology and goes to the heart of the matter.
The narrative of the book starts with the birth of economics from societal anxieties of pre-industrial Europe. It then follows up its growth into a self-conscious and assertive discipline. Along with the account, Amal Sanyal, with his characteristic lucidity of style, is able to breathe life into the colourful 18th, 19th and 20th century gurus such as Smith, Ricardo, Marx, Walras, Keynes. The narrative strings together the events and traditions of the era of these mentors with the economics they developed and controversies around them. In the process the book explains the concepts that are indispensable for understanding our economic world today.
Economics and its stories has chapters on the theory of markets; market failure and the role of the government; the labour market and unemployment; money and finance; international economics and globalisation; and economic development.
The book should appeal to the interested reader as well as students of economics.
“Amal Sanyal is an economist with enormous academic and policy experience. His telling of economics and its stories is sure to educate and entertain, and so draw more young people to the subject.”
- Debraj Ray,
Faculty of Arts and Science, and Professor of Economics,
New York University, New York.
“This book introduces the basic ideas of economics along with their historical context; and narrates how the subject has grown and acquired its present shape. The author has succeeded in presenting the ideas and issues in a highly accessible manner; as well as in providing the reader with the multiplicity of viewpoints which exist regarding them. This highly readable book should prove to be useful not only to Economics students but to anyone interested in knowing about the core ideas of economics and their historical development”
- Satish Jain, Professor, Reserve Bank of India Chair in Economic Theory,
Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi.