Atlas Trail
Beyond the Mainstream: Concepts and Schools the Textbook Skips
A tour of core ideas from micro, macro, trade, development and behavioral economics, and of schools of thought from Freiburg to Baghdad to Buenos Aires that a Western-only survey leaves out.
Stop 1 of 11.
Concepts
Where the marginalist revolution began: value set at the margin, not by labor.
Stop 2 of 11.
Concepts
Ricardo's rent theory and the law behind every production line that eventually slows down.
Stop 3 of 11.
Concepts
Marshall's measure of market sensitivity, and why it decides who really pays a tax.
Stop 4 of 11.
Concepts
From mercantilist bullion-counting to the IMF's modern statistical ledger.
Stop 5 of 11.
Concepts
A stable trade-off that broke: Phillips, Friedman, and a three-way school dispute.
Stop 6 of 11.
Concepts
Kahneman and Tversky on why a loss hurts twice as much as an equivalent gain feels good.
Stop 7 of 11.
Concepts
Nurkse's vicious circle of poverty and why development economics needed its own theory.
Stop 8 of 11.
Schools of Thought
A third way between capitalism and socialism: al-Sadr and Islamic economics' case against interest.
Stop 9 of 11.
Schools of Thought
Prebisch and the terms of trade that would not improve: structuralism from ECLA to UNCTAD.
Stop 10 of 11.
Schools of Thought
Eucken's Freiburg School answer to cartel capitalism, and the social market economy it built.
Stop 11 of 11.
Schools of Thought
The most contested school on the tour: Modern Monetary Theory and the critics it has not answered.
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