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 50
... depends on the concrete need the goods satisfy . Since consumers have various needs of differing priority , consumption is allocated in such a way as to address the most important needs first , and the least important afterwards . As ...
... depends on the concrete need the goods satisfy . Since consumers have various needs of differing priority , consumption is allocated in such a way as to address the most important needs first , and the least important afterwards . As ...
Page 87
... 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 government should keep a capital account . Businesses and ...
... 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 government should keep a capital account . Businesses and ...
Page 92
... depends on whether one believes most others will be using product A or not in the future , but whether they will depends on what they believe others will do . Krugman's main emphasis has been on the importance of geography 92 93 Paul ...
... depends on whether one believes most others will be using product A or not in the future , but whether they will depends on what they believe others will do . Krugman's main emphasis has been on the importance of geography 92 93 Paul ...
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