Economic Thought is popular PDF and ePub book, written by Heinz D. Kurz in 2016-05-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Economic Thought can be Read Online from any device for your convenience.
Economic Thought Book PDF Summary
In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories. Over the course of this journey, Kurz explains what Adam Smith meant by the "invisible hand"; how Karl Marx's "law of motion" works in capitalist economies; the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty; John Maynard Keynes's principle of effective demand and economic stabilization; and the insights and challenges offered by growth theory, welfare economics, game theory, and more. He concludes with a deft summation of world economists' major concerns today and their critical relation to world events.
Detail Book of Economic Thought PDF
- Author : Heinz D. Kurz
- Release : 03 May 2016
- Publisher : Columbia University Press
- ISBN : 9780231540759
- Genre : Business & Economics
- Total Page : 221 pages
- Language : English
- PDF File Size : 11,6 Mb
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