Economy, Society, and Public Policy
Economy, Society, and Public Policy (ESPP) is a new way to learn economics. The only resource to show students from any programme of study how to use economics to understand and articulate reasoned views on some of the most pressing policy problems facing our societies: inequality, financial instability, the future of work, environmental degradation, wealth creation, and innovation.
Excerpt from the Preface:
In order to be well-governed, a democracy needs voters who are fluent in the language of economics and who can do some quantitative analysis of social and economic policy. We also need a well-trained cadre of researchers and journalists who have more advanced skills in these fields.
Many students in other disciplines are drawn to economics so that they can engage with policy debates on environmental sustainability, inequality, the future of work, financial instability, and innovation. But, when they begin the study of economics, they find that courses appear to have little to do with these pressing policy matters, and are designed primarily for students who want to study the subject as their major, or even for those going on to post-graduate study in the field.
The result: policy-oriented students often find they have to choose between a quantitative and analytical course of study—economics—that is only minimally policy oriented in content and that downplays the insights of other disciplines, or a policy and problem-oriented course of study that gives them little training in modelling or quantitative scientific methods.
Economy, Society, and Public Policy changes this.
It has been created specifically for students from social science, public policy, business and management, engineering, biology, and other disciplines, who are not economics majors. If you are one of these students, we want to engage, challenge, and empower you with an understanding of economics. We hope you will acquire the tools to articulate reasoned views on pressing policy problems. You may even decide to take more courses in economics as a result.
The book is also being used successfully in courses for economics, business, and public policy majors, as well as in economics modules for Philosophy, Politics and Economics (PPE), and masters’ courses in Public Policy.
This textbook is the result of a worldwide collaboration among researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience. We made it freely available online because we believe this understanding can contribute to richer participation of everyone—not just experts—in shaping our economies, and help to underpin an understanding of policy that is clearly based on evidence. We are grateful to the contributions of this entire team, and to the Nuffield Foundation for supporting the project financially.
