'Does present-day economics make sense? In a half-dozen well-chosen case studies, Roger Backhouse takes the reader on a tour d'horizon of developments since World War II in order to ask: Is it a) dangerous mathematical formalism, b) free market ideology, or c) a vital guide to practical action? The correct answer, he concludes, is d) all of the above.' David Warsh, Economic Principals
1. Introduction; Part I. Economics in Action: 2. Creating new markets; 3. Creating a market economy; 4. Globalization and welfare; 5. Money and finance; Part II. Historical Perspectives: 6. Creating a 'scientific' economics; 7. The quest for rigorous macroeconomics; 8. Science and ideology; 9. Heterodoxy and dissent; Part III. Evaluation: 10. Economic science and economic myth; Supplementary note on the literature.