Economics Today

Economics has assumed a dominant role in shaping our modern world. In this book, Donald Hay develops a critique of economics today in the light of a Christian understanding of truth. The author's purpose is to equip the reader with arguments and principles with which to confront new economic problems, as well as to analyse our present situation. Case studies take the arguments and apply them to particular areas of economic analysis. Amongst influential cases illuminated by Donald Hay's study are the free market of capitalism and the planned economy of socialism. He analyses macro-economic policy in the advanced industrial economies, the vexed question of relations between rich and poor nations, and the consequences of economic growth. This book gives an exposition of economics as it is practised in the West. It also provides an insight into the underlying beliefs of economists when they pronounce on public policy issues which affect all of our lives. Donald Hay is a Fellow and Tutor in Economics at Jesus College, Oxford, and a Reader in the Church of England.