EconomicsThe Little Book of Big Ideas: Economics contains the profiles and theories of 50 of the world's most eminent economists. From mercantilists through Keynesians to modern economic thought, this book gets behind 50 of the greatest minds and 10 core theories. Covering Hume, Smith and Marx, succinct biographies provide an insight into economists' personalities and reveal the outstanding contribution that each has made to this pervasive discipline. Essential concepts and themes have been expertly selected and complex issues are explained in their social, political and cultural context. |
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Page 31
... commodity standard . There are , however , other types of modern fixed exchange rate systems , such as currency unions , currency boards and pegged currencies ( one currency fixed to another currency ) . The issue of fixed versus ...
... commodity standard . There are , however , other types of modern fixed exchange rate systems , such as currency unions , currency boards and pegged currencies ( one currency fixed to another currency ) . The issue of fixed versus ...
Page 35
... commodity , as long as there was no change in the amount of labour time embodied in its production . A rise in real wages would have a negative effect on the level of profits since profit was the remainder of production after wages had ...
... commodity , as long as there was no change in the amount of labour time embodied in its production . A rise in real wages would have a negative effect on the level of profits since profit was the remainder of production after wages had ...
Page 43
... Commodities by Means of Commodities was published in 1960 , but the work on it had begun much earlier , in the late 1920s . In fewer than one hundred pages , the book purported to solve the classical problem of value , while providing a ...
... Commodities by Means of Commodities was published in 1960 , but the work on it had begun much earlier , in the late 1920s . In fewer than one hundred pages , the book purported to solve the classical problem of value , while providing a ...
Contents
Introduction by Professor James Rollo | 6 |
Ibn Khaldun 12 Thomas Mun | 14 |
John Locke 16 ECONOMICS AND | 20 |
Copyright | |
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accumulation Adam Smith aggregate demand agriculture anarchism argued Austrian Austrian School banking became behaviour Born business cycle Cantillon capital capitalist chartalist Classical Political Economy commodity consumers consumption contributions currency debt deficit determined Died distribution economic activity economic analysis economic growth economic theory economists effect emphasised England Importance exchange factors firms fiscal framework full employment gender government intervention Greenspan Hayek historical human Human Development Index ideas imperfect income individual industrial inequality inflation innovation institutions interest rates investment Jevons Keynes Keynesian Khaldun Kuznets labour Leontief macroeconomics Malthus marginal utility Marx Mercantilist monetary policy money supply Neoclassical economics Nobel Prize output and employment partial equilibrium perfect competition Physiocrats population growth production profit recognised result Ricardo Say's Law School of Economics Schumpeter sector social costs society spending Sraffa Stagflation Stiglitz subsistence surplus technological trade USA Importance Veblen wage Walras wealth welfare economics workers