Trailblazers in EconomicsIn our increasingly interconnected world, economics has become an ever more powerful, integrated, and dynamic force. In other words, what happens in Vegas doesn’t stay there anymore. In fact, decisions made by economists in London or Shanghai may well determine the fate of savings accounts for people in Montreal, Manhattan, and Mogadishu. As economics is an admittedly complicated social science, this book uses biography as a teaching tool—profiling the most important economists—because often the best way to begin understanding a complicated and important field is by reading about the people behind the ideas. |
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Page 8
... Importance: The first thinker was associated with orderliness — regular, on economic activity dependable pursuits, such as growing subsistence Died: 322BCE, Euboea, Greece food and tending animals, or the craft work involved in the ...
... Importance: The first thinker was associated with orderliness — regular, on economic activity dependable pursuits, such as growing subsistence Died: 322BCE, Euboea, Greece food and tending animals, or the craft work involved in the ...
Page 10
... Importance: Moral philosopher on money, Between the fifth and ninth centuries CE there was an price, and trade Died: 1274, Fossaunuova, Italy extraordinary absence of money, a virtual demonetization, in Europe: most exchanges were ...
... Importance: Moral philosopher on money, Between the fifth and ninth centuries CE there was an price, and trade Died: 1274, Fossaunuova, Italy extraordinary absence of money, a virtual demonetization, in Europe: most exchanges were ...
Page 12
... Importance: The forerunner of classical political economy His major work is Al Muqaddimah, or the Died: 1405, Cairo, Egypt political science, history, and moral philosophy. Introduction to History. While Khaldun is generally recognized ...
... Importance: The forerunner of classical political economy His major work is Al Muqaddimah, or the Died: 1405, Cairo, Egypt political science, history, and moral philosophy. Introduction to History. While Khaldun is generally recognized ...
Page 14
... Importance: The proponent Trade, and in particular international trade, occupied of mercantilist theories a central place in mercantilist principles. Died: 1641, London, England Mercantilists lived in a period of continuing trade ...
... Importance: The proponent Trade, and in particular international trade, occupied of mercantilist theories a central place in mercantilist principles. Died: 1641, London, England Mercantilists lived in a period of continuing trade ...
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Contents
6 | |
14 | |
John Locke 16 ECONOMICS AND | 20 |
François Quesnay 26 Adam Smith | 28 |
David Ricardo 34 John Stuart Mill | 36 |
Piero Sraffa | 42 |
Leon Walrus 48 Carl Menger | 50 |
Irving Fisher 56 John Hicks | 58 |
Friedrich Hayek 64 Robert Mundell | 66 |
John Maynard Keynes 70 Don Patinkin | 72 |
UNCERTAINTY AND INFORMATION | 78 |
Georg Friedrich Knapp | 98 |
ECONOMIC | 120 |
Glossary | 126 |
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accumulation activity aggregate agriculture analysis approach argued authors balance banking became behavior believed capital capitalist caused central century classical competition concept concerned consumers consumption contributions costs currency cycle debt demand depends determined Died distribution economic growth Economics Born economists effect employment England equal equilibrium example exchange factors fall firms forces framework full employment future growth higher historical human ideas Importance income increase individual industrial inflation influence innovation institutions interest investment issues Italy Keynes Keynesian known labor land later laws leading major marginal means mercantilist monetary natural needs Neoclassical Economics output particular perfect political political economy population principles production profit result returns rise savings sector Smith social society spending supply surplus theory trade University utility wage wealth workers York