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 trade is self - defeating balance of trade is
therefore self - defeating . as a natural balance of While Hume was an adherent
to the classical trade will automatically quantity theory of money , he did
recognise the ...
There are two aspects to the argument : the direct real balance effect and the
indirect real balance effect . Both begin with the proposition that under conditions
of unemployment , firms will slash prices to try to unload excess inventories .
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 ...
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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
Ibn Khaldun 12 Thomas Mun
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