The Making of Modern Economics: The Lives and Ideas of the Great ThinkersM.E. Sharpe, 2009 - 494 páginas Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work. |
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Página 350
... spending is spending , no matter what the objective , and it has the same beneficial effect - increasing aggregate demand . KEYNES FAVORS PUBLIC WORKS OVER MONETARY INFLATION Keynes felt that tinkering with fiscal policy ( changes in ...
... spending is spending , no matter what the objective , and it has the same beneficial effect - increasing aggregate demand . KEYNES FAVORS PUBLIC WORKS OVER MONETARY INFLATION Keynes felt that tinkering with fiscal policy ( changes in ...
Página 351
... spending . By the time the new spending has run its course , the aggregate spending has increased tenfold . Keynes's formula for the multiplier k is k = 1 1- MPC where MPC = marginal propensity to consume . Since MPC = .90 in the ...
... spending . By the time the new spending has run its course , the aggregate spending has increased tenfold . Keynes's formula for the multiplier k is k = 1 1- MPC where MPC = marginal propensity to consume . Since MPC = .90 in the ...
Página 377
... spending be included in national output ? Kuznets seriously entertained the idea of leaving G out entirely from GDP statistics because of the potential distortion of government spending , especially during war . With G left in , GDP ...
... spending be included in national output ? Kuznets seriously entertained the idea of leaving G out entirely from GDP statistics because of the potential distortion of government spending , especially during war . With G left in , GDP ...
Contenido
INTRODUCTION | 1 |
xi | 93 |
John Stuart Mill and the Socialists Search for Utopia | 117 |
Derechos de autor | |
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Otras ediciones - Ver todas
The Making of Modern Economics: The Lives and Ideas of Great Thinkers Mark Skousen Vista previa limitada - 2015 |
The Making of Modern Economics: The Lives and Ideas of Great Thinkers Mark Skousen Vista previa limitada - 2015 |
The Making of Modern Economics: The Lives and Ideas of the Great Thinkers Mark Skousen Sin vista previa disponible - 2009 |
Términos y frases comunes
Adam Smith Alfred Marshall American Economic Austrian Bank Bastiat became Blaug Böhm-Bawerk business cycle Cambridge capital capitalist Carl Menger century chapter classical commodity competition consumer consumption created critical David Ricardo demand depression developed economic growth economists edition employment famous favored free-market Friedrich Friedrich Hayek gold standard Harvard Hayek income increase industrial inflation interest rates investment Irving Fisher Jevons John Maynard Keynes Keynes's Keynesian labor laissez laissez-faire land liberty living London Ludwig von Mises Macmillan macroeconomics Malthus marginal Marx's Marxist mathematical Menger Mill Milton Friedman Mises's monetary Nobel nomics output Paul Samuelson Photograph Political Economy population Principles production professor published revolution Ricardian Robert Rothbard saving Say's law Schumpeter Skousen social socialist society spending supply textbook theory tion trade University Press Veblen Vienna wages Walras Wealth of Nations Weber Wicksell workers writing wrote York