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.
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The natural price of an item was determined by the amount of 'socially necessary'
labour time required for its production. The market price could deviate from the
natural price when there were transitory influences, such as changes in weather
Like Petty, Cantillon emphasised production over exchange, made the distinction
between 'intrinsic' value and market price, and viewed wages as determined by
socially determined subsistence, all hallmarks of the Classical approach.
The 'coping stone' of Austrian Economics is the „,„ ., „ theory of value and price
determination, the Born: 1840. NowySacz, ' v Poland (at the time Neu foundations
of which Menger laid in his Principles Sandec, Austrian Galicia) of Economics ...
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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
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