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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In 1815, Ricardo published a pamphlet in which he criticized the British Corn
Laws, and argued that the elevated rents resulting from restrictions on corn (that
is, grain) imports were cutting into profits, slowing investment and growth.
Whereas the laws of production are akin to physical laws, the laws of distribution
are not found in nature. Distribution is governed by the laws and customs of
society; a historical product of human institutions. The nature of distribution varies
His The Entropy Law and the Economic Process (1971) became the foundation
of the contemporary school of ecological economics. The implications of the laws
of thermodynamics to economics are the core of Georgescu-Roegen 's approach
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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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