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 75
Perfect monopoly 11 TI Left : A perfect monopoly calls for just one supplier of a
good , while perfect competition calls for an infinite number of suppliers
producing homogenous goods ; in Perfect competition reality both are rare ,
characteristics ...
Perfect monopoly 11 TI Left : A perfect monopoly calls for just one supplier of a
good , while perfect competition calls for an infinite number of suppliers
producing homogenous goods ; in Perfect competition reality both are rare ,
characteristics ...
Page 78
The neoclassical notion of perfect competition includes the assumption that
economic actors have perfect knowledge and foresight . It was Keynes , along
with Chicago economist Frank Knight , who raised the issue of economic
uncertainty ...
The neoclassical notion of perfect competition includes the assumption that
economic actors have perfect knowledge and foresight . It was Keynes , along
with Chicago economist Frank Knight , who raised the issue of economic
uncertainty ...
Page 127
Perfect competition : An idealized market environment in which every market
participant is too small , and there are so many of them , that none can affect the
market price by acting on its own . Includes other assumptions such as perfectly ...
Perfect competition : An idealized market environment in which every market
participant is too small , and there are so many of them , that none can affect the
market price by acting on its own . Includes other assumptions such as perfectly ...
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Economics
User Review - airastotool - Overstock.comGreat 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
Contents
Contents | 6 |
Classical Economics | 23 |
MONEY AND FINANCE 30 Thomas Malthus | 32 |
Copyright | |
7 other sections not shown
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Common terms and phrases
accumulation activity aggregate agriculture analysis approach argued authors balance banking became behavior believed Born capital capitalist caused central century classical competition concept concerned consumers consumption contributions costs currency cycle debt demand depends determined Died distribution economic economists effect employment England equal equilibrium example exchange factors fall firms fiscal forces framework full employment future growth higher historical human ideas Importance income increase individual industrial inflation influence innovation institutions interest investment issues Italy Keynes Keynesian known labor land later laws leading major marginal means measure Mercantilists monetary natural needs neoclassical output particular perfect philosopher political political economy population principles production profit result returns rise savings sector Smith social society spending supply surplus theory trade University utility wage wealth workers
Bibliographic information
| Title | Economics Little book of big ideas |
| Author | Mathew Forstater |
| Contributor | James Rollo |
| Edition | illustrated |
| Publisher | Chicago Review Press, 2007 |
| Original from | the University of California |
| Digitized | 13 Aug 2008 |
| ISBN | 1556526660, 9781556526664 |
| Length | 128 pages |
| Subjects | › › Business & Economics / Economics / General Business & Economics / Reference |
| Export Citation | BiBTeX EndNote RefMan |