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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However , it would not be quite fair to wholly attribute to Smith the belief that self -
interest is the sole driving force of individual behavior . On the contrary , human
beings are capable of feeling empathy toward their fellow beings . Therefore , the
Competition forces buyers and sellers to do just the opposite of what they seem
to want — it forces sellers to cut price and it forces buyers to bid up the price .
This dual struggle — between and among buyers and sellers — is the
Schumpeter set out to contributions to business discover the driving forces
behind these cycles and cycle theory and ... Schumpeter concluded that the
major driving force disrupting the stationary state of the economy was
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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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