I don’t usually post about a book before I’ve finished reading it, but this one is going to take me a time to get through and it’s worth sharing. The Economy is a free online textbook on economics, produced collectively by CORE, an international group of economists who are concerned about the way that economics has become detached from the real world. The word cloud in this image is the way they indicate their priorities in the preface. (My own reservations about economics as a discipline can be found in an article in the Real World Economics Review published last year.)
I’m not going to endorse everything in the textbook, because there are various issues in the way economists think about their subject that I’ve been critical about. I’ve got far enough into the textbook to be able to make reservations about indifference curves, the subject of the third section, or the applicability of game theory, the subject of the fourth. (My criticisms of those methods can be found in my book on Reclaiming Individualism). I do want, however, to welcome the approach, the accessibility of the document, and the determination of the team to make the text available to everyone.