*Economic Development: Models of Market Economy* by I.V. Novikova, A.Y. Semenova, and T.V. Maksimenko-Novohrust offers a comprehensive and nuanced exploration of modern market economy models and their impact on a country's economic growth. This book is an essential resource for students, graduate researchers, educators, and practicing economists eager to deepen their understanding of economic theory and practice. Drawing on extensive expertise in economics and teaching, the authors provide a unique perspective on how different market models shape economic realities and influence living standards. Covering a broad range of topics—from the fundamentals of market economies to the complex mechanisms at play in a globalized world—the book reveals how models such as neoclassical, Keynesian, and institutional economics inform national policies and development strategies. A central focus of the book is the examination of how economic models affect social and environmental aspects of society. The authors emphasize that economic growth cannot be viewed in isolation from social change and ecological sustainability. This perspective makes the book especially relevant in today’s context, marked by climate change and social inequality. Ideal for both seasoned economists and those interested in social policy, sustainable development, and global economic shifts, the book is suitable for advanced students and newcomers alike. Readers seeking to understand how economic theories translate into real-world applications—and how they influence everyday life—will find numerous insightful ideas and practical examples within these pages. The authors’ clear and accessible style makes complex economic concepts understandable even for readers without deep prior knowledge. They incorporate numerous real-life examples, helping readers grasp the material and see its practical relevance. Richly illustrated with graphs, tables, and diagrams, the book visually reinforces key ideas and makes learning engaging. *Economic Development: Models of Market Economy* is more than just a textbook; it’s a modern encyclopedia of economic knowledge. It can serve as a foundation for discussions at seminars and conferences, and as a source of inspiration for future research. The authors offer not only theoretical insights but also practical recommendations useful for government agencies and the private sector alike. If you’re looking for a book that will deepen your understanding of how market economies operate and their influence on society, this publication is an excellent choice. It will enrich your knowledge and help you develop your own perspective on how economics can serve as a tool for sustainable development and social justice. Don’t miss the opportunity to engage with the work of authors recognized as leading experts in their field.