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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Sraffa published relatively few works : a handful of articles , really one major
article in English – “ The laws of returns under competitive conditions ' ( 1926 ) –
and one slim book of fewer than one hundred pages , published in 1960 :
The Classical conception of diminishing returns recognised both intensive and
extensive sources of declining costs , and thus ... The Neoclassical authors
applied diminishing returns to all ' factors of production ' ( land , labour and
capital ) , an ...
... returns to scale ( where increasing all inputs by equal proportion results in
output increasing by more than that proportion ) . Industries where increasing
returns predominate will tend to have fewer , larger firms and therefore will be ...
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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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