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 53
... full employment level of output . In the Classical theory , there is no loanable funds market in the same sense , with a unique equilibrium that equates savings and investment at the full employment level . The Neoclassical version of ...
... full employment level of output . In the Classical theory , there is no loanable funds market in the same sense , with a unique equilibrium that equates savings and investment at the full employment level . The Neoclassical version of ...
Page 81
... full employment level , but well before that point , and he introduced the terms ' low - full employment ' and ' high - full employment ' , anticipating the idea of a non - accelerating inflation rate of unemployment ( NAIRU ) . In the ...
... full employment level , but well before that point , and he introduced the terms ' low - full employment ' and ' high - full employment ' , anticipating the idea of a non - accelerating inflation rate of unemployment ( NAIRU ) . In the ...
Page 86
... full employment , and operating at or near full capacity , a rise in aggregate demand will cause inflation . Eisner argued that the logic of an economy with unemployed resources is different from the economy running at full employment and ...
... full employment , and operating at or near full capacity , a rise in aggregate demand will cause inflation . Eisner argued that the logic of an economy with unemployed resources is different from the economy running at full employment and ...
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