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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In the sphere of monetary exchange, Cantillon showed how an increase in the
supply of money could affect the level of prices in the economy. He demonstrated
that an increase in the money supply would not affect all industries at the same ...
Consumers' Surplus: Total savings to consumers who are willing to pay a higher
price than the equilibrium price p' Demand curve Supply curve q' (the equilibrium
quantity) ,.' p-S(q) p - D(q) A classic example of Marshall's static partial ...
Monetary policy: Actions taken by the Central Bank to influence the money supply
or interest rates. Monetary policy is a tool by which government can influence the
economy by affecting interest rates. Monetarism: The school of thought that ...
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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
Joan Robinson 74 Joseph E Stiglitz
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