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76 reviewsEconomics: a Primer for India is designed for students doing foundation courses in undergraduate programmes. Its standpoint is based on two convictions. First, a foundation course need not invoke formal economic theory which is a contested terrain, especially at the present time. Second, such a course should be grounded on the empirical reality of the economy in which students live.
Through an intuitive approach that combines concepts with history, accounting and data, the primer allows the reader to discover economic processes and institutions. The economic structure of society as three inter-dependent systems—production, markets and money—highlights the complex and changing nature of eco9nomic activity
