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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... population was engaged in both agrarian subsistence production and interstate trade. While Aristotle considered œconomia to be necessary for every society, he regarded chrematistics as dangerous and destructive to society due to its ...
... population was engaged in both agrarian subsistence production and interstate trade. While Aristotle considered œconomia to be necessary for every society, he regarded chrematistics as dangerous and destructive to society due to its ...
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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