Cover of Economic Ideas: From Beginning to Early 2026 by Alex Merced

Economic Ideas: From Beginning to Early 2026

Published by Self-published · Economics & Philosophy

A survey of the history of economic thought, tracing ideas from ancient civilizations through the modern AI era.

About the author: Alex Merced is Head of Developer Relations at Dremio and the author of 77 books on data, AI, economics, fiction, and tabletop RPGs. His story is on WhoIsAlexMerced.com.

Who this book is for

General readers curious about economics, history, or political theory, including students, professionals, policymakers, and self-taught learners. No economics degree, equations, or prerequisites are needed.

Table of contents

  1. Before Economics: Trade, Barter, and the First Questions About Value
  2. Greek Foundations: Xenophon, Plato, and Aristotle on Wealth and the Good Life
  3. Rome, Roads, and the Price of Empire
  4. Medieval Economics: Just Price, Usury, and the Scholastics
  5. The Islamic Golden Age: Ibn Khaldun and the Economics of Civilization
  6. Mercantilism: Gold, Trade Wars, and the Birth of Economic Policy
  7. Richard Cantillon: The Secret Father of Economics
  8. The Physiocrats: Nature's Economists
  9. Adam Smith: The Invisible Hand and the Wealth of Nations
  10. David Ricardo: Comparative Advantage and the Logic of Trade
  11. Thomas Malthus: Population, Poverty, and the Dismal Science
  12. John Stuart Mill: The Liberal Reformer
  13. Karl Marx: Capital, Exploitation, and Revolution
  14. The Marginalist Revolution: Value Is in the Eye of the Buyer
  15. The Methodenstreit: How Should We Do Economics?
  16. Henry George: Progress, Poverty, and the Tax on Land
  17. The American Institutionalists: Economics Gets Real
  18. The Gold Standard: Monetary Orthodoxy and Its Discontents
  19. The Austrian School: Mises, Hayek, and the Socialist Calculation Debate
  20. John Maynard Keynes: The General Theory and the End of Laissez-Faire
  21. The Keynesian Consensus and the Postwar Boom
  22. The Chicago School: Milton Friedman and the Monetarist Counterrevolution
  23. Development Economics: Why Are Some Countries Rich and Others Poor?
  24. Public Choice Theory: When Government Fails
  25. Game Theory: Strategy, Conflict, and Cooperation
  26. Rational Expectations and the New Classical Revolution
  27. Supply-Side Economics: Tax Cuts and the Laffer Curve
  28. The Fall of Communism and Transition Economics
  29. Behavioral Economics: When People Are Not Rational
  30. Information Economics: When Markets Know Too Little

Excerpt

Economics is among the oldest and most contested fields of human inquiry. For as long as people have lived in societies, they have debated how to allocate scarce resources, organize production, distribute wealth, and design the institutional rules that govern exchange. These debates are not merely academic. They shape the policies that determine whether nations prosper or stagnate, whether individuals enjoy material comfort or endure deprivation, and whether democratic societies hold together or fracture under the weight of inequality and distrust. This book tells the story of those debates from the very beginning to the early months of 2026.

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