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Chapter 25, "A Note on Books", recommends several books for those interested in further reading on economics. He suggests some intermediate-length works, such as Frederic Benham's "Economics" and Raymond T. Bye's "Principles of Economics," as well as older books like Edwin Canaan's "Wealth" and John Bates Clark's "Essentials of Economic Theory."
Although the book was described by the Cato Institute as among the greatest economics books in the 20th century, and A Monetary History of the United States is widely considered to be among the most influential economics books ever made, [248] [249] it has endured criticisms for its conclusion that the Federal Reserve was to blame for the Great ...
In many countries' curricula, social studies is the combined study of humanities, the arts, and social sciences, mainly including history, economics, and civics.The term was coined by American educators around the turn of the twentieth century as a catch-all for these subjects, as well as others which did not fit into the models of lower education in the United States such as philosophy and ...
The Theory of the Leisure Class: An Economic Study of Institutions (1899), by Thorstein Veblen, is a treatise of economics and sociology, and a critique of conspicuous consumption as a function of social class and of consumerism, which are social activities derived from the social stratification of people and the division of labor; the social institutions of the feudal period (9th–15th c ...
In chapter 1, Ariely describes the ways in which people frequently regard their environment in terms of their relation to others; it is the way that the human brain is wired. People not only compare things, but also compare things that are easily comparable. [ 2 ]
Classical economics focuses on the tendency of markets to move to equilibrium and on objective theories of value. Neo-classical economics differs from classical economics primarily in being utilitarian in its value theory and using marginal theory as the basis of its models and equations. Marxian economics also descends from classical theory.
New Ideas from Dead Economists, written by Todd G. Buchholz, is an introduction to the history and development of modern economic thought, originally published in 1989. [1] Since its original publication, there have been two revisions, the most recent of which was published in 2021. In the foreword, Martin Feldstein writes:
[9]: 295–299 [27]: 55–57 For this reason, modern ecological economists have deplored the simplified and ecologically harmful features of neoclassical economics: It has been argued that neoclassical economics has become a pseudoscience of choice between anything in general and nothing in particular, while neglecting the preferences of future ...