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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However , it would not be quite fair to wholly attribute to Smith the belief that self -
interest is the sole driving force of individual behavior . On the contrary , human
beings are capable of feeling empathy toward their fellow beings . Therefore , the
ОСОО 0000 Competition means rivalrous behavior , and the touchstone of a
competitive economy is that capital is always seeking the highest rate of return .
Through capital leaving lower profit rate sectors and moving into higher profit rate
Consumer Behavior Consumption spending by individuals and households is a
powerful motor of a market economy . Investors take expectations of future
expenditure by consumers as a very important signal for planning their capacity
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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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