Economics Alternative

A radically revised new edition of this highly readable, popular guide aimed at everyone from students to statesmen who want to make sense of the modern economy and grasp how economic theory works in practice. It starts with the basics, and from the underlying theory it moves to the specifics of the world economy, including an analysis of the recent recession. The closing part puts the usefulness and the failings of economics under the spotlight, and looks at the innovative approaches being developed to address these failings.

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: the Midwest 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.

Back in 2009, a group of people came together to try to create a currency that would change the economic system for the better. They called it the Bristol Pound. By 2015 it was one of the world’s most prominent local currencies, featured in the Financial Times and Time Magazine, and even covered by Chinese state television. However, the Bristol Pound stopped circulating in 2021, and in 2023 the organisation finally wound up.