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. |
From inside the book
Results 1-3 of 14
Page 43
... cost curve , which determined the equilibrium size of the perfectly competitive firm , could not hold up to analytical scrutiny ... costs , was the result of diminishing returns . Sraffa demonstrated that the cases of non- 42 43 Piero Sraffa.
... cost curve , which determined the equilibrium size of the perfectly competitive firm , could not hold up to analytical scrutiny ... costs , was the result of diminishing returns . Sraffa demonstrated that the cases of non- 42 43 Piero Sraffa.
Page 109
... costs that impinge upon present and future generations . Kapp identified these costs as social because they are not paid for by those responsible for them and are shifted instead to third parties or society at whole . In the case of ...
... costs that impinge upon present and future generations . Kapp identified these costs as social because they are not paid for by those responsible for them and are shifted instead to third parties or society at whole . In the case of ...
Page
... costs : The opportunity cost of using resources in one way is the value that could have been produced if the resources were used in the best alternative way . Partial equilibrium : A branch of microeconomics that views firms and markets ...
... costs : The opportunity cost of using resources in one way is the value that could have been produced if the resources were used in the best alternative way . Partial equilibrium : A branch of microeconomics that views firms and markets ...
Contents
William Petty 22 Richard Cantillon | 24 |
GROWTH THEORY | 69 |
Abba Lerner 80 Nicholas Kaldor | 82 |
Copyright | |
3 other sections not shown
Other editions - View all
Common terms and phrases
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