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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By that measure alone economics is the most influential social science.
Economists helped invent financial derivatives and thus brought hedge funds into
being. It was one such hedge fund that brought about the collapse of sterling in
This provided the theoretical justification for interventionist policies to stimulate
output and employment, and so was a critique of laissez-faire. Keynes had
considerable influence in international economics and policy and maintained a
Monetary policy: Actions taken by the Central Bank to influence the money supply
or interest rates. Monetary policy is a tool by which government can influence the
economy by affecting interest rates. Monetarism: The school of thought that ...
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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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