EconomicsEconomic ideas and trends play a crucial yet little-understood role in the development of the world in which we live and are therefore vital to understanding our society today. From mercantilists through Keynesians to modern economic thought, this handbook covers 50 of the greatest minds and 10 core theories. Including Hume, Smith, Marx, and von Mises, succinct biographies reach behind the personalities and reveal the outstanding contribution each has made to this internationally important and pervasive discipline. The essential concepts and themes have been expertly selected and the complex issues clearly explained within a social, political, and cultural context, allowing the rich history of economic thought to be told and the motivations behind its phenomenal global development to be understood. |
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Page 60
Mathew Forstater. Investment ( i ) i2 i1 LM ( Liquidity Money ) Left : The IS - LM model shows the relationship between investment and savings , and money liquidity . Here , as investment increases , the IS curve moves to the right ...
Mathew Forstater. Investment ( i ) i2 i1 LM ( Liquidity Money ) Left : The IS - LM model shows the relationship between investment and savings , and money liquidity . Here , as investment increases , the IS curve moves to the right ...
Page 71
... investment relation , rejecting the loanable funds model and putting forward - alternative theories of the determination of savings and investment . In the loanable funds approach , he determined that savings is a positive function of ...
... investment relation , rejecting the loanable funds model and putting forward - alternative theories of the determination of savings and investment . In the loanable funds approach , he determined that savings is a positive function of ...
Page 72
... investment determination . Moreover , Keynes viewed investment as the driving force , and savings the passive residual , so the causal relation was opposite that of the neoclassical framework , where savings determines investment ...
... investment determination . Moreover , Keynes viewed investment as the driving force , and savings the passive residual , so the causal relation was opposite that of the neoclassical framework , where savings determines investment ...
Contents
William Petty 22 Richard Cantillon | 24 |
GROWTH THEORY | 69 |
Abba Lerner 80 Nicholas Kaldor | 82 |
Copyright | |
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