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
... firms . In terms of market structure , the sise and number of firms in a market will determine the type of competition in that industry . If the firms are relatively small and there are many firms in the market , firms will be ' price ...
... firms . In terms of market structure , the sise and number of firms in a market will determine the type of competition in that industry . If the firms are relatively small and there are many firms in the market , firms will be ' price ...
Page 74
... firms produce diverse products ) , nor true monopolies ( i.e. , the exclusive control by one firm of the production of a particular product ) . Empirical evidence supported the existence of firms of various sizes that produced ...
... firms produce diverse products ) , nor true monopolies ( i.e. , the exclusive control by one firm of the production of a particular product ) . Empirical evidence supported the existence of firms of various sizes that produced ...
Page 91
... 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 , so the firm can only pay them a wage that is so high . Many of these ...
... 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 , so the firm can only pay them a wage that is so high . Many of these ...
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