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 14
... Mercantilist principles . Mercantilists lived in a period of continuing trade expansion in Europe , with the proliferation of markets and the rise of the merchant class . Increased commercial activity made merchants very influential in ...
... Mercantilist principles . Mercantilists lived in a period of continuing trade expansion in Europe , with the proliferation of markets and the rise of the merchant class . Increased commercial activity made merchants very influential in ...
Page 15
Mathew Forstater. Left : Early mercantilist writers believed that the wealth of a nation was measured by the available stores of gold and silver . Later mercantilists developed a somewhat more sophisticated view . Mercantilists held a ...
Mathew Forstater. Left : Early mercantilist writers believed that the wealth of a nation was measured by the available stores of gold and silver . Later mercantilists developed a somewhat more sophisticated view . Mercantilists held a ...
Page 20
... Mercantilist proposition that accumulation of specie - gold and silver - is the key to a nation's wealth . Instead , Hume measured wealth in terms of the stock of labour and the quantity of goods and services produced . Born : 1711 ...
... Mercantilist proposition that accumulation of specie - gold and silver - is the key to a nation's wealth . Instead , Hume measured wealth in terms of the stock of labour and the quantity of goods and services produced . Born : 1711 ...
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