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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Instead of longing for accumulation , people would address the questions of
social justice and an equal distribution of wealth in society . Public spirit would
reign rather than individual self - interest . One of the most important contributions
The process will continue until a solution is arrived at in which supply equals
demand . ... The in it equal each other . general economic equilibrium is a
situation where For example , consumers and producers in all related markets
are in ...
This last is the proposition that if firms increase all inputs by some equal
proportion , output increases by the same proportion . Krugman began
investigating how the results of the analysis would be modified if an economy
was characterized by ...
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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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