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 52
... savings would be invested . This was partly a result of their class analysis in which the same social class , namely capitalists , were responsible for both saving and investing . However , this is not the same thing as an analytical ...
... savings would be invested . This was partly a result of their class analysis in which the same social class , namely capitalists , were responsible for both saving and investing . However , this is not the same thing as an analytical ...
Page 55
... savings and investment , but for investment to exceed savings requires that banks be capable of extending credit to finance investment without a prior supply of savings – traditionally not permissible within the conventional economic ...
... savings and investment , but for investment to exceed savings requires that banks be capable of extending credit to finance investment without a prior supply of savings – traditionally not permissible within the conventional economic ...
Page 71
... savings the passive residual , so the causal relation was opposite that of the Neoclassical framework , where savings determines investment through variations in the interest rate . Finally , Keynes found that savings and investment ...
... savings the passive residual , so the causal relation was opposite that of the Neoclassical framework , where savings determines investment through variations in the interest rate . Finally , Keynes found that savings and investment ...
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