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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LM ( Liquidity Money ) - - - - - - - Investment ( 1 ) i 2 Left : The IS - LM model shows
the relationship between investment and savings , and money liquidity . Here , as
investment increases , the IS - - - - - curve moves to the right ( from 11 : Y1 to ...
This led Keynes to a unique approach to the savings – investment relation ,
rejecting the loanable funds model and ... he determined that savings is a
positive function of the rate of interest , and investment is a negative function of
the rate of ...
a function of income , and investment as determined by a variety of factors ,
including investor expectations of future economic conditions and business and
political climate , with interest rates playing a much weaker and more indirect role
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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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