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 40
... falls and prices will rise , increasing the rate of profit in that market . When capital enters higher profit rate industries , supply increases in that market and prices will fall , causing the rate of profit to fall in that market ...
... falls and prices will rise , increasing the rate of profit in that market . When capital enters higher profit rate industries , supply increases in that market and prices will fall , causing the rate of profit to fall in that market ...
Page 57
Mathew Forstater. Decreased economic activity Decrease in prices Increased value of debt Fall in household and business income Falling asset prices Left : Fisher explained how deflation leads to an increase in the real debt burden . fall ...
Mathew Forstater. Decreased economic activity Decrease in prices Increased value of debt Fall in household and business income Falling asset prices Left : Fisher explained how deflation leads to an increase in the real debt burden . fall ...
Page 106
... fall during contractions ; throughout the twentieth century , the price level rose steadily but output and employment would rise during booms and fall during slumps . There are also such things as ' growth recessions ' , in which there ...
... fall during contractions ; throughout the twentieth century , the price level rose steadily but output and employment would rise during booms and fall during slumps . There are also such things as ' growth recessions ' , in which there ...
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