Economic 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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Importance : Introduced the marginal utility theory of While Marshall claimed
continuity with the classics , value Jevons argued that marginalism was a clean
break Died : 1882 , Hastings , England with the tradition of Smith and Ricardo .
A federal Born : 1922 , Brooklyn , New York deficit results in a private sector
surplus because Importance : Major government spending injects income in the
aggregate flow of expenditure , while taxation withdraws policy , especially
Born : 1953 , New York Importance : Major contributions to Krugman ' s economic
contributions are primarily international economics notable in the area of
international trade . Traditional especially trade theory trade theory , known as
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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
MONEY AND FINANCE 30 Thomas Malthus
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