Principles of Political Economy by Daniel E. Saros

Principles of Political Economy by Daniel E. Saros

Principles of Political Economy – This textbook is unique among economics textbooks. It contains many of the same topics as mainstream textbooks, but it includes and takes very seriously heterodox critiques and alternatives to the mainstream approach to economics. It includes a whole range of alternative theories, including Post-Keynesian, Austrian, Marxian, radical, feminist, institutionalist, and other approaches.

Related: Principles of Microeconomics: Scarcity and Social Provisioning

The purpose is to teach students about alternative schools of economic thought but also to deepen their understanding of the dominant, neoclassical approach to economics. In this sense, it draws a great deal of inspiration from Richard Wolff and Stephen Resnick’s Contending Economic Theories. Following Wolff and Resnick, an even broader objective is to teach students that economics is a discourse and that no single voice can rightfully claim to have a monopoly on the truth about economics.

Table of Contents


Table of Contents

  • I. PART ONE: An Introduction to Economic Theory
  • II. PART TWO: Principles of Microeconomic Theory
  • III. PART THREE: Principles of Macroeconomic Theory
  • IV. PART FOUR: Principles of International Economic Theory

About the Contributors


Daniel E. Saros is an Associate Professor of Economics at Valparaiso University, where he has been a member of the faculty since 2004. He received his B.S. in Economics at Bowling Green State University in 1999, and his MA in Economics in 2001 and Ph.D. in Economics in 2004 from the University of Notre Dame. He served as the Director of the International Economics and Finance Master of Science Program from 2012 to 2013 and as the Chair of the Department of Economics from 2014 to 2018 at Valparaiso University. He also served as a member of the Editorial Board of the Review of Radical Political Economics from 2013-2016.