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.
Results 1-3 of 25
The increased output of the means of subsistence would allow increased
population growth , and thus a growing labor force . Note that the notion of
surplus was not present in the sphere of non - agricultural production . Capitalism
finds its ...
The unit of account ( or standard of value ) function refers to money being used to
measure the comparable worth of different commodities . The medium of
exchange function has two aspects : money is used as both a means of purchase
, in ...
He saw government borrowing as a means of managing monetary reserves and
controlling the level of shortterm interest rates , whereas taxation was a means of
managing aggregate demand to fight inflation . Lerner coined the term “ upside ...
What people are saying - Write a review
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
7 other sections not shown