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. |
From inside the book
Results 1-3 of 36
Page 49
... demand or supply conditions in one market would affect demand and supply conditions in another . Equilibrium : A market is said to be in equilibrium if demand and supply conditions in it equal each other . For example , equilibrium in ...
... demand or supply conditions in one market would affect demand and supply conditions in another . Equilibrium : A market is said to be in equilibrium if demand and supply conditions in it equal each other . For example , equilibrium in ...
Page 53
... demand ) are produced , the more those goods ( supply ) can stimulate demand for other goods . Therefore , prosperity should be increased by stimulating production rather than consumption . It was the Neoclassical version of Say's Law ...
... demand ) are produced , the more those goods ( supply ) can stimulate demand for other goods . Therefore , prosperity should be increased by stimulating production rather than consumption . It was the Neoclassical version of Say's Law ...
Page 95
... demand for the good , violating the ' law of demand ' ( normally , lower prices mean more demand and higher prices mean lower demand ) . People may buy more expensive goods to show that they can afford them . Another source of the ...
... demand for the good , violating the ' law of demand ' ( normally , lower prices mean more demand and higher prices mean lower demand ) . People may buy more expensive goods to show that they can afford them . Another source of the ...
Contents
Introduction by Professor James Rollo | 6 |
Ibn Khaldun 12 Thomas Mun | 14 |
John Locke 16 ECONOMICS AND | 20 |
Copyright | |
12 other sections not shown
Other editions - View all
Common terms and phrases
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