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 62
... inflation . Expansionary monetary policy would lead to inflation , whereas expansionary fiscal policy would be entirely offset by reductions in private spending . An increase in government spending , if financed from taxation , would ...
... inflation . Expansionary monetary policy would lead to inflation , whereas expansionary fiscal policy would be entirely offset by reductions in private spending . An increase in government spending , if financed from taxation , would ...
Page 81
... inflation and saw taxation as a means of controlling it . However , he later became more concerned about supply - side or cost - push inflation . He noticed that inflation did not begin at the full employment level , but well before ...
... inflation and saw taxation as a means of controlling it . However , he later became more concerned about supply - side or cost - push inflation . He noticed that inflation did not begin at the full employment level , but well before ...
Page 86
... inflation . A bigger federal deficit and a growing national debt are useful in stimulating an economy in a recession caused by insufficient spending . However , if an economy is already at full employment , and operating at or near full ...
... inflation . A bigger federal deficit and a growing national debt are useful in stimulating an economy in a recession caused by insufficient spending . However , if an economy is already at full employment , and operating at or near full ...
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