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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.
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