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 108
... costs that impinge upon present and future generations . Kapp identified these costs as social because they are not paid for by those responsible for them , and are shifted instead to third parties or society at whole . In the case of ...
... costs that impinge upon present and future generations . Kapp identified these costs as social because they are not paid for by those responsible for them , and are shifted instead to third parties or society at whole . In the case of ...
Page 109
... costs into the current trends of economic analysis lies also with determination of their market value . The qualitative nature of social costs questions the applicability of monetary cost accounting . How do we determine market values ...
... costs into the current trends of economic analysis lies also with determination of their market value . The qualitative nature of social costs questions the applicability of monetary cost accounting . How do we determine market values ...
Page 127
... costs : The opportunity cost of using resources in one way is the value that could have been produced if the resources were used in the best alternative way . Partial equilibrium : A branch of microeconomics that views firms and markets ...
... costs : The opportunity cost of using resources in one way is the value that could have been produced if the resources were used in the best alternative way . Partial equilibrium : A branch of microeconomics that views firms and markets ...
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