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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On the contrary, human beings are capable of feeling empathy toward their fellow
beings. Therefore, the Smithian concept of self-interest in the market exchange
should not be associated with a belief in utterly selfish human nature. What is ...
"Economic laws" were deduced from assumptions about how humans act in
pursuit of their economic interests. For example, a self-regulating economy with a
harmony of interests emerged from the assumption of an "economic man" who
Veblen coined the term "pecuniary instincts" to demonstrate how strong the
wealth struggle was in humans. However, pecuniary instinct was not the sole
driving force behind human behavior. In his famous work The Instinct of
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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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