The 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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Since workers spend on subsistence , and capitalists invest most of their profits ,
in Malthus ' view the unproductive ... A rise in real wages would have a negative
effect on the level of profits since profit was the remainder of production after ...
Through capital leaving lower profit rate sectors and moving into higher profit rate
sectors , a tendency is established toward a uniform rate of profit within and
between industries . When capital departs industries with a lower rate of profit ...
Profit : Total revenue minus total costs . Opportunity costs : The opportunity cost of
... National income : Total income of a country measured as the sum of wages ,
interest , profits and rents in one year . Supply - side economics : A theory of ...
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EconomicsUser Review - airastotool - Overstock.com
Great 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
Introduction by Professor James Rollo
Ibn Khaldun 12 Thomas Mun
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