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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For Ricardo, a rise in the real wage would have no effect on the value of a
commodity, as long as there was no change in the amount of labour time
embodied in its production. A rise in real wages would have a negative effect on
the level of ...
A similar process can be seen to take place in the labour market, with workers
seeking the highest wage endowing the market with a tendency for wages to be
equalised for similar types of employment. Adam Smith described these
In Phelps' 1997 book Rewarding Work, he proposes that government pay firms
wage subsidies to promote employment and higher wages for workers. The idea
is that some workers can only earn a low wage, if based solely on productivity, ...
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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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