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Communism as a political movement attained global importance after the Bolsheviks toppled the Russian Czar in 1917. After that time the works of Karl Marx and Frederick Engels, especially the influential Communist Manifesto (1848), enjoyed an international audience. The world was to learn a new political vocabulary peppered with “socialism,” “capitalism,” “the working class,” “the bourgeoisie,” “labor theory of value,” “alienation,” “economic determinism,” “dialectical materialism,” and “historical materialism.” Marx’s economic analysis of history has been a powerful legacy, the effects of which continue to be felt world-wide.

Serving as the foundation for Marx’s indictment of capitalism is his extraordinary work titled Economic and Philosophic Manuscripts, written in 1844 but published nearly a century later. Here Marx offers his theory of human nature and an analysis of emerging capitalism’s degenerative impact on man’s sense of self and his creative potential. What is man’s true nature? How did capitalism gain such a foothold on Western society? What is alienation and how does it threaten to undermine the proletariat?

These and other vital questions are addressed as the youthful Marx sets forth his first detailed assessment of the human condition.

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NOTE: You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for ISBN-10: 0134004655/ISBN-13: 9780134004655. That package includes ISBN-10: 0133872270/ISBN-13: 9780133872279 and ISBN-10: 0133918181/ISBN-13: 9780133918182.

For the two-semester principles of economics course.

An intuitive and grounded approach to economics 

Get students to think like an Economist using the latest policy and data while incorporating global issues. Economics, Twelfth Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. Economics emphasizes real-world applications, the development of critical thinking skills, diagrams renowned for pedagogy and clarity, and path-breaking technology.

Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events. Students will begin to think about issues the way real economists do and learn how to explore difficult policy problems to make more informed decisions in their own economic lives.

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MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

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In this day and age of free trade and technology, Economics is what makes the world go around, whether you are aware of it or not. The global economy has a real effect on your everyday life and by gaining an understanding of the basic fundamentals of economics such as supply and demand, inflation and consumer behavior can, quite literally change the way you view the world. If you are interested in learning more, then an introduction to the basic fundamentals of economics is a great place for you to start learning quickly and efficiently.

Inside you will learn about how to explain:

• Different divisions of Economics
• Laws of Supply and Demand
• Production Possibility Frontier
• Opportunity Cost and Growth
• Price Elasticity
• Competition
• Taxation
• Fiscal and Monetary Policies
• Inflation

Learn the basic fundamentals of Economics today to change your view of the world today!

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