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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He saw government borrowing as a means of managing monetary reserves and
controlling the level of shortterm interest rates , whereas taxation was a means of
managing aggregate demand to fight inflation . Lerner coined the term “ upside ...
Eisner saw no logical or empirical support for the claims that deficits cause high
interest rates or inflation . A bigger federal deficit and a growing national debt are
useful in stimulating an economy in a recession caused by insufficient spending ...
Stagflation : A One of the important and controversial impacts i combination of
inflation of the Greenspan era at the Fed was the change in and recession . It is a
economic priorities . Inflation became “ public enemy problem because most ...
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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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