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 22
... surplus inaugurated the beginning of Classical Political Economy , which dominated the discipline until the 1870s . Even after Neoclassical or Marginalist economics replaced the older Classical authors , their method of inquiry was ...
... surplus inaugurated the beginning of Classical Political Economy , which dominated the discipline until the 1870s . Even after Neoclassical or Marginalist economics replaced the older Classical authors , their method of inquiry was ...
Page 23
... surplus - yielding process , and believed that surplus was the key to economic prosperity . He defined surplus as the quantity of corn left after what was set aside for society's reproduction and the replacement of input . The surplus ...
... surplus - yielding process , and believed that surplus was the key to economic prosperity . He defined surplus as the quantity of corn left after what was set aside for society's reproduction and the replacement of input . The surplus ...
Page 27
... surplus ; economists now know these to be productive activities which add to economic growth . Physiocrats saw agriculture as the only productive sector , where the value of agricultural outputs was greater than the value of ...
... surplus ; economists now know these to be productive activities which add to economic growth . Physiocrats saw agriculture as the only productive sector , where the value of agricultural outputs was greater than the value of ...
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