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 55
... investment , but for investment to exceed savings requires that banks be capable of extending credit to finance investment without a prior supply of savings – traditionally not permissible within the conventional economic framework ...
... investment , but for investment to exceed savings requires that banks be capable of extending credit to finance investment without a prior supply of savings – traditionally not permissible within the conventional economic framework ...
Page 59
Mathew Forstater. Investment ( i ) i1 LM ( Liquidity Money ) Left : The IS - LM model shows the relationship between investment and savings , and money liquidity Here , as investment increases , the IS curve moves to the right ( from 11 ...
Mathew Forstater. Investment ( i ) i1 LM ( Liquidity Money ) Left : The IS - LM model shows the relationship between investment and savings , and money liquidity Here , as investment increases , the IS curve moves to the right ( from 11 ...
Page 71
... investment determination . Moreover , Keynes viewed investment as the driving force , and savings the passive residual , so the causal relation was opposite that of the Neoclassical framework , where savings determines investment ...
... investment determination . Moreover , Keynes viewed investment as the driving force , and savings the passive residual , so the causal relation was opposite that of the Neoclassical framework , where savings determines investment ...
Contents
Introduction by Professor James Rollo | 6 |
Ibn Khaldun 12 Thomas Mun | 14 |
John Locke 16 ECONOMICS AND | 20 |
Copyright | |
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