The Age of the Economist
This book presents a historical overview of economics to explain the functioning of a market economy. Through discussion of the major schools of economic thought, along with biographical sketches of the leading economists of each period, The Age of the Economist emphasizes the relationship between economic theory and policy and how both are influenced by events, ideologies and changing economic institutions.
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Preface Hi Introduction
Economics and the Market Economy
The Early Days
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achieve Adam Smith agriculture American analysis argued basic became big business business cycles capital accumulation capitalist century classical economics commodities communist competition consumer core inflation costs countries demand depression developed econ economic growth economic policies economic theory economists England English equilibrium Europe expansion exports forces full employment goals human ideas ideology important income increase individual industrial inflation interest rates investment John John Maynard Keynes John Stuart Mill Keynes Keynesian Keynesian economics laissez-faire laws less-developed macroeconomics major market economy market socialism Marx Marx's Marxist mathematical ment Military Keynesianism modern monopoly natural neoclassical economics nomic output percent philosophy planning population poverty private enterprise problems production profits real business cycles reduced reform relationships revolution Ricardo rise savings Say's Law sector social socialist society Soviet Union taxes tion trade United wages wealth welfare women workers