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
... means of subsistence would allow increased population growth , and thus a growing labour force . Note that the notion of surplus was not present in the sphere of non - agricultural production . Capitalism finds its origins in ...
... means of subsistence would allow increased population growth , and thus a growing labour force . Note that the notion of surplus was not present in the sphere of non - agricultural production . Capitalism finds its origins in ...
Page 30
... means of purchase , in that it can be exchanged directly for goods and services , and as a means of payment , in that it can be used to settle debts . Finally , the store of value function means that money may also be an end in itself ...
... means of purchase , in that it can be exchanged directly for goods and services , and as a means of payment , in that it can be used to settle debts . Finally , the store of value function means that money may also be an end in itself ...
Page 81
... 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 ' upside - down economy ' , by which he ...
... 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 ' upside - down economy ' , by which he ...
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