The 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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Any policies aimed at favourable balance of trade is therefore self-defeating.
While Hume was an adherent to the classical quantity theory of money, he did
recognise the possibility of an increase in the money supply stimulating output if
The core of Patinkin's argument became known as the real balance effect,
because it relies on the way in which changes in the real value of cash balances
can stimulate output and employment. There are two aspects to the argument: the
In the direct real balance effect, Patinkin argued that the increase in the value of
cash directly stimulates consumption and investment by consumers and investors
who feel richer due to the increased value of their holdings, setting off a process ...
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EconomicsUser Review - airastotool - Overstock.com
Great read for perhaps a highschooler or college student interested in the field of economics. Gives a quick snapshot of many economists including their backgrounds and specialties within the field ... Read full review
Introduction by Professor James Rollo
Joan Robinson 74 Joseph E Stiglitz
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