"The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks remain frozen in time,...

1. Introduction -- 2. Weaknesses in Economics and Economic Education -- 3. Basics of Political Economy -- 4. Modeling the Image of Man -- 5. The Functioning of Market and Competition -- 6. Theory of Economic Systems -- 7. Market Failure -- 8. Political Failure -- 9. Competition Policy -- 10....