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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Instead , many Classical writers believed that 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
Second , both processes entail a divergence between 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 ...
Moreover , Keynes viewed investment as the driving force , and 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 ...
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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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