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 68
... output , although later Neoclassical theories of growth were put forward , and continue today , sometimes even ... employment were determined by the level of aggregate demand . His colleague , Roy Harrod extended this to the idea that the ...
... output , although later Neoclassical theories of growth were put forward , and continue today , sometimes even ... employment were determined by the level of aggregate demand . His colleague , Roy Harrod extended this to the idea that the ...
Page 71
... output , only one of which was full employment , whereas in the Neoclassical model of full employment , savings equal to investment is the unique macroeconomic equilibrium . Thus Keynes demonstrated the theoretical possibility ( and ...
... output , only one of which was full employment , whereas in the Neoclassical model of full employment , savings equal to investment is the unique macroeconomic equilibrium . Thus Keynes demonstrated the theoretical possibility ( and ...
Page 73
... output and employment toward full employment . In the indirect real balance effect , his argument centred on the increase in the real value of cash balances that indirectly stimulate consumption and investment spending through lowering ...
... output and employment toward full employment . In the indirect real balance effect , his argument centred on the increase in the real value of cash balances that indirectly stimulate consumption and investment spending through lowering ...
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