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In economics the dominant framework for exploring the structure of market economies is provided by the neoclassical school of thought. This text aims to show how neoclassical theory is used to model market mechanisms, both in particular markets and in the market economy as a whole. Underpinning this analysis is an examination of what neoclassical economists regard as key decision makers in a market economy, namely households and firms. In analysing these demand and supply activities, this text aims to provide an introduction to the microeconomics of markets, that is, the behaviour of...

Rethinking Britain presents a range of ideas from some of the country's most influential thinkers, offering solutions which, if implemented, would lead to a fairer society. This book is an essential aid for citizens who are interested in critiquing inequalities while looking to build a better future.