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
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Page 49
... equals demand . Once equilibrium has been attained , any price change in any market would disturb the previous equilibrium ... equal to the number of workers firms demand to hire . OCCO COUL Austrian Economics Carl Menger The Austrian ...
... equals demand . Once equilibrium has been attained , any price change in any market would disturb the previous equilibrium ... equal to the number of workers firms demand to hire . OCCO COUL Austrian Economics Carl Menger The Austrian ...
Page 92
... equal proportion , output increases by the same proportion . Krugman began investigating how the results of the analysis would be modified if an economy was characterised by increasing returns to scale ( where increasing all inputs by equal ...
... equal proportion , output increases by the same proportion . Krugman began investigating how the results of the analysis would be modified if an economy was characterised by increasing returns to scale ( where increasing all inputs by equal ...
Page 114
... equal . Therefore , income inequality had to rise before it could become more equal . His original hypothesis was derived from Kuznets's examination of the historical experience of presently developed nations , which showed that , at ...
... equal . Therefore , income inequality had to rise before it could become more equal . His original hypothesis was derived from Kuznets's examination of the historical experience of presently developed nations , which showed that , at ...
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