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.
Results 1-3 of 39
From controlling inflation to understanding globalization; from pricing your cell
phone call to pricing use of the motor car; from measuring poverty to measuring
happiness; from liberalizing trade to restricting pollution; from making war to
building the peace, economists and economics are at the heart of the debate and
at the heart of policy making. On Wall Street, in London, Paris, Frankfurt, Tokyo,
Shanghai, Sydney, and Mumbai, economists sit at the center of decisionmaking
The ideas of economists sometimes seem to stand common sense on its head.
Since Adam Smith, most economists have taken as a given that opening up the
national economy to foreign trade and investment is a good thing. Increased
competition reduces prices to consumers and increases the efficiency of
production. This same competition leads to inefficient domestic firms going out of
business with consequent unemployment, so while the many may benefit a little,
the few lose ...
One of the most influential economists of the twentieth century, John (J. R.) Hicks
won the Nobel Prize for his contribution to welfare economics, which analyzes
market outcomes in terms of their efficiency and the level of social well-being that
results. Value and Capital (1939) presented a general equilibrium model with
aggregate markets for commodities, factors of production, credit, and money.
Hicks introduced the compensation principle, according to which any economic
What people are saying - Write a review
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
Introduction by Professor James Rollo
3 other sections not shown