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 25
... increase in the supply of money could affect the level of prices in the economy . He demonstrated that an increase in the money supply would not affect all industries at the same time and by the same degree , but would be transmitted ...
... increase in the supply of money could affect the level of prices in the economy . He demonstrated that an increase in the money supply would not affect all industries at the same time and by the same degree , but would be transmitted ...
Page 57
... increase in the real debt burden . fall in the price level will increase the real value of household , government and corporate debts . Facing an increase in real debt . burden , debtors need to sell their assets in order to meet their ...
... increase in the real debt burden . fall in the price level will increase the real value of household , government and corporate debts . Facing an increase in real debt . burden , debtors need to sell their assets in order to meet their ...
Page 63
... increases with a constant V , there will be a corresponding increase in Q ( with P remaining constant ) , or an increase in P if there is no increase in the quantity of goods produced . Friedman's notion of the ' natural rate of ...
... increases with a constant V , there will be a corresponding increase in Q ( with P remaining constant ) , or an increase in P if there is no increase in the quantity of goods produced . Friedman's notion of the ' natural rate of ...
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