EconomicsEconomic 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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Page 8
... has made much of the modern world what it is . This book might be small , but the ideas are big and their influence huge . Professor James Rollo University of Sussex Philosophy and Economics Aristotle In his major work , The.
... has made much of the modern world what it is . This book might be small , but the ideas are big and their influence huge . Professor James Rollo University of Sussex Philosophy and Economics Aristotle In his major work , The.
Page 121
... major ideas on economic dynamics are expressed in The Theory of Economic Development ( 1911 ) and Business Cycles ( 1939 ) . Schumpeter concluded that the major driving force disrupting the stationary state of the economy was ...
... major ideas on economic dynamics are expressed in The Theory of Economic Development ( 1911 ) and Business Cycles ( 1939 ) . Schumpeter concluded that the major driving force disrupting the stationary state of the economy was ...
Page 122
... major categories of innovation . Product innovations bring new or improved goods or services into the market . Process innovations introduce improved techniques into production processes . The opening up of new markets creates novel ...
... major categories of innovation . Product innovations bring new or improved goods or services into the market . Process innovations introduce improved techniques into production processes . The opening up of new markets creates novel ...
Contents
William Petty 22 Richard Cantillon | 24 |
GROWTH THEORY | 69 |
Abba Lerner 80 Nicholas Kaldor | 82 |
Copyright | |
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accumulation Adam Smith aggregate demand agriculture anarchism argued Austrian Austrian School banking became behavior Born business cycle Cantillon capital capitalist chartal chartalist classical political economy commodity concept consumers consumption contributions currency debt deficit determined Died distribution economic activity economic analysis economic growth economic theory economists effect England Importance exchange factors firms fiscal framework full employment gender global government intervention Greenspan Hayek historical human Human Development Index ideas imperfect income individual industrial inequality inflation innovation institutions interest rates investment Jevons Kaldor Keynes Keynes's Keynesian Khaldun labor Leontief macroeconomics Malthus marginal utility Marx Mercantilists monetary policy money supply neoclassical economics Nobel Prize output and employment partial equilibrium perfect competition Physiocrats population growth production profit result Ricardo Say's Law School of Economics Schumpeter sector social costs society spending Sraffa Stagflation Stiglitz subsistence surplus technological trade Veblen wage Walras wealth welfare economics workers