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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Expansionary monetary policy would lead to inflation, whereas expansionary
fiscal policy would be entirely offset by reductions in private spending. An
increase in government spending, if financed from taxation, would reduce private,
For Eisner, the fundamental importance of the federal deficit was in its effect on
private spending. A federal Born: 1922. Brooklyn, y v & New York deficit results in
a private sector surplus because Importance: Major government spending injects
Businesses and state and local governments make a distinction between current
and capital spending. Spending this year for goods and services that will be used
this year (for example, labor) goes onto the current account. Spending this year ...
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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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