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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Adam Smith described these competitive processes clearly in the Wealth of
Nations. Two important components of competition are the market structure of a
particular industry, and the competitive behaviour of firms. In terms of market
Empirical evidence supported the existence of firms of various sizes that
produced differentiated products (i.e., goods of the same category that differ
slightly from each other in terms of quality and Left: A perfect monopoly calls for
just one ...
In Phelps' 1997 book Rewarding Work, he proposes that government pay firms
wage subsidies to promote employment and higher wages for workers. The idea
is that some workers can only earn a low wage, if based solely on productivity, ...
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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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