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Synopsis The basic desideratum of the present volume is to threadbare the fundamental theories of economics and their evolutionary trajectory in a simplified way devoid of verbosity and regmarole. The traces of economic theories have been analysed with reference to inter alia, their methodological foundations and historical genesis. Past and present theories have been categorised under taxonomical schema into major schools to properly appreciate and differentiate their respective contributions. The historicity of some of the important micro and macro theories has been depicted in a very precise way so as to keep the subject well within the area of bounded rationality of the average reader. The final part of the study briefly recapitulates the contemporary issues and changes in macro and monetary economics, and also the substantive development in development economics. It is believed that this little volume will enable the readers to have a cock’s eye view of the broad panorama of economic theories both past and present.