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 62
... spending . An increase in government spending , if financed from taxation , would reduce private , disposable income leading to lower levels of consumption , of savings and would cut down investment . If increased government spending ...
... spending . An increase in government spending , if financed from taxation , would reduce private , disposable income leading to lower levels of consumption , of savings and would cut down investment . If increased government spending ...
Page 86
... spending . A federal deficit results in a private sector surplus because government spending injects income in the aggregate flow of expenditure , while taxation withdraws income from that flow . A deficit will therefore have a net ...
... spending . A federal deficit results in a private sector surplus because government spending injects income in the aggregate flow of expenditure , while taxation withdraws income from that flow . A deficit will therefore have a net ...
Page 87
... spending . Spending this year for goods and services that will be used this year ( for example , labour ) goes onto the current account . Spending this year on goods that will be used several years in the future ( for example , land and ...
... spending . Spending this year for goods and services that will be used this year ( for example , labour ) goes onto the current account . Spending this year on goods that will be used several years in the future ( for example , land and ...
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