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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There are two aspects to the argument: the direct real balance effect and the
indirect real balance effect. Both begin with the proposition that under conditions
of unemployment, firms will slash prices to try to unload excess inventories.
oneself from the crowd, exhibiting the "snob effect." Interestingly, the snob effect
does not always mean driving the fanciest car or wearing designer jeans. It can
also mean driving the most beat-up looking automobile or wearing the most
Regardless of the form of ownership (private, state, and so on), Kapp argued that
enterprise would cause negative socioecological effects due to its cost-
minimizing nature. Environmental pollution through the production and disposal
of waste, ...
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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
Introduction by Professor James Rollo
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