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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Friedman and the Monetarits argued against the efficacy of fiscal and monetary
policies to promote full employment and control inflation. Expansionary monetary
policy would lead to inflation, whereas expansionary fiscal policy would be ...
He saw government borrowing as a means of managing monetary reserves and
controlling the level of short- term interest rates, whereas taxation was a means of
managing aggregate demand to fight inflation. Lerner coined the term ...
Eisner saw no logical or empirical support for the claims that deficits cause high
interest rates or inflation. A bigger federal deficit and a growing national debt are
useful in stimulating an economy in a recession caused by insufficient spending.
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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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