Anyone who does not know the history of economics cannot think competently about the future of economics. This book offers an introduction to economic history for those looking for more than just dry theory. The author takes you on a journey through the economy, from its beginnings in the Stone Age to the digitalization of modern times. In addition to the nature and fundamental principles of economics, the book also introduces great thinkers such as Aquinas, Keynes, and Erhard. While ancient philosophers like Plato and Aristotle focused mainly on the ethical dimension of economics, the first modern economist and moral philosopher, Adam Smith, for example, pondered how nations could achieve prosperity. Today, howeverin an era where capitalism is increasingly under scrutinythe question is how prosperity can reach everyone, especially in times of digitalization. Therefore, the book not only addresses economic concepts of the past and present but also offers an intriguing look into the future. Issues of social justice are discussed alongside topics such as digitalization, globalization, and ecology.

The second edition has been updated to include a chapter on "Economics in Uncertain Times," which deals, among other things, with the economic consequences of the COVID-19 pandemic and the war in Ukraine.

Fascinating insights into the core economic theory topics of yesterday, today, and tomorrow Intellectual encounter with great pioneers of economics Illustrative presentation of economic theoretical concepts with current examples

Autorentext

Dr. Detlef Pietsch studied Business Administration at the University of Mannheim and earned his doctorate at the Chair of International Management. He has been working for more than 25 years on the key ideas of the humanities and social sciences.

Inhalt

A Journey Through the History of Economics.- Stone Age, Antiquity, and Pre-Classical Period.- Classical Economics.- Neoclassical Economics and Recent History.- Present Day.- Current and Future Challenges of the Economy.- The Quintessence of Economic Thought.- The Most Urgent Issues of Tomorrow's Economy.