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 51
... particular situation . - He explained Adam Smith's diamond - water paradox by arguing that it is not the usefulness of water as a whole that affects price but the usefulness of one unit of water not total utility but marginal utility ...
... particular situation . - He explained Adam Smith's diamond - water paradox by arguing that it is not the usefulness of water as a whole that affects price but the usefulness of one unit of water not total utility but marginal utility ...
Page 103
... particular attention to issues regarding the division of labour . He opposed the division between manual and intellectual labour , claiming that all society's members need the opportunity to engage in both physical and mental work . In ...
... particular attention to issues regarding the division of labour . He opposed the division between manual and intellectual labour , claiming that all society's members need the opportunity to engage in both physical and mental work . In ...
Page 112
... particular by planned institutions . She was thus something of a socialist , but with a faith in market solutions , and her work has family resemblances to that of her contemporary , Thorstein Veblen . Both Neoclassical and Marxian ...
... particular by planned institutions . She was thus something of a socialist , but with a faith in market solutions , and her work has family resemblances to that of her contemporary , Thorstein Veblen . Both Neoclassical and Marxian ...
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