Table of contents

  1. Front Matter
    Pages i-x
  2. Introduction

    1. S. Estrin, A. Marin
      Pages 1-16
  3. Theory of Consumer Demand

    1. Front Matter
      Pages 17-17
    2. J. R. Hicks
      Pages 19-33
  4. Theory of the Firm and Supply

  5. General Equilibrium and Welfare

    1. Front Matter
      Pages 127-127
    2. F. Bator
      Pages 129-158
  6. Economics of Uncertainty and Information

    1. Front Matter
      Pages 173-173
  7. Inflation and Unemployment

    1. Front Matter
      Pages 189-189
    2. M. Friedman
      Pages 215-231
    3. J. Tobin
      Pages 232-254
  8. The Nature of Unemployment

    1. Front Matter
      Pages 255-255
    2. R. E. Lucas Jr.
      Pages 257-263
    3. R. M. Solow
      Pages 264-279
    4. J. Yellen
      Pages 280-289
  9. The Business Cycle

    1. Front Matter
      Pages 291-291
    2. J. M. Keynes
      Pages 293-305
    3. R. E. Lucas Jr.
      Pages 306-327
  10. Control of Macroeconomic Fluctuations

  11. Back Matter
    Pages 409-416

About this book


Intellectual advances in economics often come from debates that have been long forgotten but which offer context, depth and clarity to contemporary study. Essential Readings in Economics makes available in a single volume some of the seminal papers in the areas of microeconomics and macroeconomics for intermediate courses in economic principles. The readings are organised in two groups: Microeconomics and Macroeconomics. Part 1 looks at topics ranging from 'The Theory of Demand' and 'The Firm and Supply' to 'The Economics of Uncertainty and Information'. In Part 2 the wide ranging debates over the last 55 years are illustrated with contributions from Keynes, Friedman, Phillips and other leading Economists. This vigorous and accessible collection of readings is intended to supplement and extend the understanding students could obtain from conventional introductory textbooks.


business cycle economic policy economics efficiency employment equilibrium general equilibrium John Maynard Keynes Keynes macroeconomics microeconomics monetary policy theory of the firm unemployment welfare

Editors and affiliations

  • Saul Estrin
    • 1
  • Alan Marin
    • 2
  1. 1.London Business SchoolUK
  2. 2.London School of EconomicsUK

Bibliographic information