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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In his critique of Marshall in the 1920s , Sraffa argued that the standard U -
shaped average cost curve , which determined the equilibrium size of the
perfectly competitive firm , could not hold up to analytical scrutiny . The
descending portion of ...
Social Costs Karl Wilhelm ( William ) Kapp Croatia European institutional
economist Karl William Kapp devoted his life to ... Kapp argued that enterprise
would cause negative socioecological effects due to its Born : 1910 , Konigsberg
, I cost ...
Opportunity 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 . Recession : A temporary downturn in economic activity , usually
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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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