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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Left: The Laffer curve 100% demonstrates how higher tax rates may result in
lower tax revenue At first, as tax rates rise. tax revenue rises, but at some point,
the higher tax rates may discourage additional activity, resulting in lower tax
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, ...
What has sometimes been termed the 'Veblen effect' is a situation in which the
demand curve can be upward sloping, meaning the higher the price the higher
the demand for the good, violating the 'law of demand' (normally, lower prices ...
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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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