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 75
Perfect monopoly Left : A perfect monopoly calls for Perfect competition just one
supplier of a good , while perfect competition calls for an infinite number of
suppliers producing homogenous goods ; in reality both are rare . characteristics
) .
Perfect monopoly Left : A perfect monopoly calls for Perfect competition just one
supplier of a good , while perfect competition calls for an infinite number of
suppliers producing homogenous goods ; in reality both are rare . characteristics
) .
Page 78
The Neoclassical notion of perfect competition includes the assumption that
economic actors have perfect knowledge and foresight . It was Keynes , along
with Chicago economist Frank Knight , who raised the issue of economic
uncertainty ...
The Neoclassical notion of perfect competition includes the assumption that
economic actors have perfect knowledge and foresight . It was Keynes , along
with Chicago economist Frank Knight , who raised the issue of economic
uncertainty ...
Page 127
Perfect competition : An idealised market environment in which every market
participant is too small , and there are so many of ... Includes other assumptions
such as perfectly flexible prices , perfect mobility of land , labour , and capital ,
perfect ...
Perfect competition : An idealised market environment in which every market
participant is too small , and there are so many of ... Includes other assumptions
such as perfectly flexible prices , perfect mobility of land , labour , and capital ,
perfect ...
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Economics
User Review - airastotool - Overstock.comGreat read for perhaps a highschooler or college student interested in the field of economics. Gives a quick snapshot of many economists including their backgrounds and specialties within the field ... Read full review
Contents
Introduction by Professor James Rollo | 6 |
Ibn Khaldun 12 Thomas Mun | 14 |
David Hume | 20 |
Copyright | |
8 other sections not shown
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Common terms and phrases
accumulation activity aggregate agriculture analysis approach argued authors balance banking became behaviour believed Born capital capitalist caused central century Classical competition concept concerned consumers consumption contributions costs currency cycle debt deficit demand depends determined Died distribution economic economists effect employment England equal equilibrium example exchange factors fall firms forces framework full employment future growth higher historical human ideas Importance income increase individual industry inflation influence innovation institutions interest investment issues Italy Keynes Keynesian known labour land later laws leading major marginal means Mercantilist monetary natural needs Neoclassical output particular perfect philosopher political Political Economy population principles production profit questions result returns rise savings sector Smith social society spending supply surplus theory trade University utility wage wealth workers
Bibliographic information
| Title | Economics Little book of big ideas |
| Author | Mathew Forstater |
| Edition | illustrated |
| Publisher | A & C Black, 2007 |
| ISBN | 0713683376, 9780713683370 |
| Length | 128 pages |
| Export Citation | BiBTeX EndNote RefMan |