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.
Results 1-3 of 7
Debt-Deflation Irving Fisher Born: 1867, New York, USA Importance: Formalised
the quantity theory of money and developed debt- deflation theory Died: 1947,
New York, USA Irving Fisher, an American monetarist of the first half of the ...
Decrease in prices icreased economic activity t Fall in household and business
income Falling asset prices Left: Fisher explained how deflation leads to an
increase in the real debt burden fall in the price level will increase the real value
He made the point that how much debt one can afford depends upon one's
wealth and income, so that an economy with a large GDP can afford a large
budget deficit and national debt. Another of Eisner's proposals was that federal ...
What people are saying - Write a review
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
4 other sections not shown