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  2. Multiplier (economics) - Wikipedia

    en.wikipedia.org/wiki/Multiplier_(economics)

    In macroeconomics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable. For example, suppose variable x changes by k units, which causes another variable y to change by M × k units.

  3. Complex multiplier - Wikipedia

    en.wikipedia.org/wiki/Complex_multiplier

    The simplistic multiplier that is the reciprocal of the marginal propensity to save is a special case used for illustrative purposes only. The multiplier applies to any change in autonomous expenditure, in other words, an externally induced change in consumption, investment, government expenditure or net exports.

  4. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  5. Foundations of Economic Analysis - Wikipedia

    en.wikipedia.org/wiki/Foundations_of_Economic...

    The front page quotes the motto of J. Willard Gibbs: "Mathematics is a language."The book begins with this statement: The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central features.

  6. Principles of Economics (Mankiw book) - Wikipedia

    en.wikipedia.org/wiki/Principles_of_Economics...

    Principles of Economics [1] is an introductory economics textbook by Harvard economics professor N. Gregory Mankiw. It was first published in 1997 and has ten editions as of 2024. [ 2 ] The book was discussed before its publication for the large advance Mankiw received for it from its publisher Harcourt [ 3 ] and has sold over a million copies ...

  7. Economics (textbook) - Wikipedia

    en.wikipedia.org/wiki/Economics_(textbook)

    Economics was the second Keynesian textbook in the United States, following the 1947 The Elements of Economics, by Lorie Tarshis.Like Tarshis's work, Economics was attacked by American conservatives (as part of the Second Red Scare, or McCarthyism), universities that adopted it were subject to "conservative business pressuring", and Samuelson was accused of Communism.

  8. Money creation - Wikipedia

    en.wikipedia.org/wiki/Money_creation

    Benjamin Friedman explains in his chapter on the money supply in The New Palgrave Dictionary of Economics that the money multiplier representation is a short-hand simplification of a more complex equilibrium of supply and demand in the markets for both reserves (outside money) and inside money.

  9. Basic Economics - Wikipedia

    en.wikipedia.org/wiki/Basic_Economics

    Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .