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 65
... banking and central banking . In direct contrast to Keynes , the Austrians viewed recession and depression as the result of bad monetary policy , in particular excess money creation which led to inflation , thus damaging the price ...
... banking and central banking . In direct contrast to Keynes , the Austrians viewed recession and depression as the result of bad monetary policy , in particular excess money creation which led to inflation , thus damaging the price ...
Page 82
... banking system . Central and private banks could accommodate the demand for credit , credit would be extended and investment would take place , income and savings would be increased and redeposited into the banking system , replenishing ...
... banking system . Central and private banks could accommodate the demand for credit , credit would be extended and investment would take place , income and savings would be increased and redeposited into the banking system , replenishing ...
Page 88
Mathew Forstater. Central Banking Alan Greenspan Alan Greenspan was Chairman of the Board of Governors of the Federal ... banks of the Federal Reserve system charge one another to borrow reserves . It is also known as the overnight rate ...
Mathew Forstater. Central Banking Alan Greenspan Alan Greenspan was Chairman of the Board of Governors of the Federal ... banks of the Federal Reserve system charge one another to borrow reserves . It is also known as the overnight rate ...
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