Ad
related to: why should you learn economics book
Search results
Results from the WOW.Com Content Network
The book allegorically explores such topics as inflation, deficit spending, central banking, international trade, and the housing bubble and 2007–2008 financial crisis. The Washington Times stated that the book "[conveys] the often intuitive ideas of economics through an engaging, fictitious story richly illustrated with amusing cartoons."
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 .
The book showed how operationally meaningful theorems can be described with a small number of analogous methods, thus providing "a general theory of economic theories." It moved mathematics out of the appendices (as in John R. Hicks's Value and Capital ) and helped change how standard economic analysis across subjects could be done with the ...
Prior to the financial crises of 2007-9, the majority new consensus view, still found in most current text-books and taught in all universities, was New Keynesian economics, which (in contrast to Keynes) accepts the neoclassical concept of long-run equilibrium but allows a role for aggregate demand in the short run. New Keynesian economists ...
Philosopher Joseph Heath wrote that Economics in One Lesson is "a book that is as valuable today as when it was first published in 1946...Hazlitt's book should be essential reading for anyone interested in knowing which way is up and which way is down in the world of economics," though Heath criticized Hazlitt for being overly ideological about ...
CORE Econ's courses are offered through open access online ebooks published on its web site. Its ebooks use a Creative Commons license so that "any user can customize, translate, or improve it for their own use or the use of their students."
The book introduces 10 principles of economics "that supposedly represent the heart of economic wisdom". [10] [11] They are listed by Mankiw as follows: 1. People face trade-offs 2. The cost of something is what you give up to get it 3. Rational people think at the margin 4. People respond to incentives 5. Trade can make everyone better off 6.
Hesiod active 750 to 650 BC, a Boeotian who wrote the earliest known work concerning the basic origins of economic thought, contemporary with Homer. [3] Of the 828 verses in his poem Works and Days, the first 383 centered on the fundamental economic problem of scarce resources for the pursuit of numerous and abundant human ends and desires.
Ad
related to: why should you learn economics book