This thought-provoking introduction to economics exposes readers tothe workings of the market in a democratic state. The text explainsbasic economic concepts from a political perspective: how the pricemechanism substitutes for central authority in determiningproduction and allocation of goods; the use of demand and supplycurves to trace the impacts of tariffs, taxes, subsidies, quotasand patents; and the redistribution of income. Additionally thetext explores political topics from an economic perspective,including the avoidance of anarchy and despotism; and the mutualdependence of markets, voting, public administration and law.

• Relies largely on stories and paradigms to convey importanteconomic concepts.
• Explains basic economic concepts from a political perspectiveand explores political topics from an economic perspective.
• Covers topics such as the price mechanism, demand and supplycurves, redistribution of income, anarchy, voting and publicadministration.