EconomicsEconomic ideas and trends play a crucial yet little-understood role in the development of the world in which we live and are therefore vital to understanding our society today. From mercantilists through Keynesians to modern economic thought, this handbook covers 50 of the greatest minds and 10 core theories. Including Hume, Smith, Marx, and von Mises, succinct biographies reach behind the personalities and reveal the outstanding contribution each has made to this internationally important and pervasive discipline. The essential concepts and themes have been expertly selected and the complex issues clearly explained within a social, political, and cultural context, allowing the rich history of economic thought to be told and the motivations behind its phenomenal global development to be understood. |
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Page 88
... By separating government spending into capital and current expenditure , a better idea is presented of what is the real deficit ( current account ) . Central Banking Alan Greenspan Alan Greenspan was Chairman of the. Keynesian Economics.
... By separating government spending into capital and current expenditure , a better idea is presented of what is the real deficit ( current account ) . Central Banking Alan Greenspan Alan Greenspan was Chairman of the. Keynesian Economics.
Page 89
Mathew Forstater. Central Banking Alan Greenspan Alan Greenspan was Chairman of the Board of Governors of the Federal Reserve of the United States ( or " Fed " ) from 1987 to 2006. Prior to his appointment at the Fed , Greenspan was ...
Mathew Forstater. Central Banking Alan Greenspan Alan Greenspan was Chairman of the Board of Governors of the Federal Reserve of the United States ( or " Fed " ) from 1987 to 2006. Prior to his appointment at the Fed , Greenspan was ...
Page 90
... Greenspan would raise interest rates to slow down the economy , causing unemployment to rise and cooling down markets . Greenspan's approach was influential on central banks around the world , who attempted to copy his approach ...
... Greenspan would raise interest rates to slow down the economy , causing unemployment to rise and cooling down markets . Greenspan's approach was influential on central banks around the world , who attempted to copy his approach ...
Contents
William Petty 22 Richard Cantillon | 24 |
GROWTH THEORY | 69 |
Abba Lerner 80 Nicholas Kaldor | 82 |
Copyright | |
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accumulation Adam Smith aggregate demand agriculture anarchism argued Austrian Austrian School banking became behavior Born business cycle Cantillon capital capitalist chartal chartalist classical political economy commodity concept consumers consumption contributions currency debt deficit determined Died distribution economic activity economic analysis economic growth economic theory economists effect England Importance exchange factors firms fiscal framework full employment gender global government intervention Greenspan Hayek historical human Human Development Index ideas imperfect income individual industrial inequality inflation innovation institutions interest rates investment Jevons Kaldor Keynes Keynes's Keynesian Khaldun labor Leontief macroeconomics Malthus marginal utility Marx Mercantilists monetary policy money supply neoclassical economics Nobel Prize output and employment partial equilibrium perfect competition Physiocrats population growth production profit result Ricardo Say's Law School of Economics Schumpeter sector social costs society spending Sraffa Stagflation Stiglitz subsistence surplus technological trade Veblen wage Walras wealth welfare economics workers