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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Results 1-3 of 22
Page 23
... natural ' price and the ' market ' price of goods . The natural price of an item was determined by the amount of ' socially necessary ' labour time required for its production . The market price could deviate from the natural price when ...
... natural ' price and the ' market ' price of goods . The natural price of an item was determined by the amount of ' socially necessary ' labour time required for its production . The market price could deviate from the natural price when ...
Page 54
... natural rate of interest – the real return on capital - and the market rate of interest – the rate charged for bank borrowing . If the natural rate is higher than the market rate , investors can expect returns to exceed borrowing costs ...
... natural rate of interest – the real return on capital - and the market rate of interest – the rate charged for bank borrowing . If the natural rate is higher than the market rate , investors can expect returns to exceed borrowing costs ...
Page 63
... natural rate of unemployment ' became an important concept . The ' natural rate ' was the minimum rate of unemployment consistent with stable prices . Attempting to reduce unemployment beyond the natural rate would ultimately lead to ...
... natural rate of unemployment ' became an important concept . The ' natural rate ' was the minimum rate of unemployment consistent with stable prices . Attempting to reduce unemployment beyond the natural rate would ultimately lead to ...
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