December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Economic systems
KEY THINKER
Karl Marx (1818–83)
BEFORE
1789 Revolution sweeps away the old feudal regime and aristocracy in France.
1816 German thinker Georg Hegel explains his dialectics in The Science of Logic.
1848 Revolutions spring up throughout Europe, led by disaffected members of the middle and working classes.
AFTER
1922 The USSR is established on Marxist principles under Vladimir Lenin.
1949 Mao Zedong becomes the founding father of the People’s Republic of China.
1989 The fall of the Berlin Wall symbolizes the collapse of Eastern Bloc communism.
Although much of economics is concerned with free market economies, it should not be ...
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