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 38
... authors and made them his own . The labour theory of value , falling rate of profit , division of labour and many other ideas now associated with Marx can all be found in the works of Adam Smith , Ricardo and their predecessors , such ...
... authors and made them his own . The labour theory of value , falling rate of profit , division of labour and many other ideas now associated with Marx can all be found in the works of Adam Smith , Ricardo and their predecessors , such ...
Page 46
... authors applied diminishing returns to all ' factors of production ' ( land , labour and capital ) , an analysis that recognised only the quantitative dimension . Jevons claimed that value was entirely determined by utility . For ...
... authors applied diminishing returns to all ' factors of production ' ( land , labour and capital ) , an analysis that recognised only the quantitative dimension . Jevons claimed that value was entirely determined by utility . For ...
Page 94
... authors shifted the focus of economics away from production , which had been of prime concern for the classical authors , and towards consumption . Consumer behaviour was described by the theory of choice , where consumer preferences ...
... authors shifted the focus of economics away from production , which had been of prime concern for the classical authors , and towards consumption . Consumer behaviour was described by the theory of choice , where consumer preferences ...
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