Stanford, Jim.; Biddle, Tony.
Economics for Everyone
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Economics for Everyone
website: www.economicsforeveryone.com
e-mail Jim Stanford: author@economicsforeveryone.com
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Economics for Everyone
A Short Guide to the
Economics of Capitalism
Jim Stanford
Illustrations by Tony Biddle
P
Pluto
Press
LONDON • ANN ARBOR, MI
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First published 2008 by Pluto Press
345 Archway Road, London N6 5AA
and 839 Greene Street, Ann Arbor, MI 48106
www.plutobooks.com
Copyright © Jim Stanford 2008
The right of Jim Stanford to be identifi ed as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library ISBN 978 0 7453 2751 8
Hardback
ISBN 978 0 7453 2750 1
Paperback
Library of Congress Cataloging in Publication Data applied for This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin.
10 9 8 7 6 5 4 3 2 1
Illustrations by Tony Biddle, Perfect World Design
www.perfectworlddesign.ca
Designed and produced for Pluto Press by
Chase Publishing Services Ltd, Fortescue, Sidmouth, EX10 9QG, England Typeset from disk by Stanford DTP Services, Northampton, England Printed and bound in Canada by Transcontinental Printers
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Dedicated to the hard-working people who produce the wealth
– in hopes that by better understanding the economy,
we can be more successful in changing it.
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Check out
www.economicsforeveryone.com
for more background info, a glossary,
and material you can use to run your
own economics course.
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Contents
Acknowledgements ix
Introduction: Why Study Economics?
1