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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The issue of fixed versus flexible exchange rates has substantial implications for
economic policy . Theories of money may be divided into two broad categories :
metallist and chartalist . Metallist theories view money as arising out of the ...
Hayek and Mises also influenced the Austrian theory of the business cycle ,
which led to specific implications for issues related to money , banking , and
central banking . In direct contrast to Keynes , the Austrians viewed recession
... Connecticut predicted that many of the activities traditionally Importance :
Brought an associated with unpaid housework and child rearing awareness of
gender issues would evolve into market - based services . into the study 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
MONEY AND FINANCE 30 Thomas Malthus
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