21st Century Economics: A Reference Handbook by Rhona C. Free

By Rhona C. Free

Curiosity in economics is at an all-time excessive. one of the demanding situations dealing with the state is an economic climate with speedily emerging unemployment, mess ups of significant companies and industries, and persisted dependence on oil with its wildly fluctuating rate. Economists have handled such questions for generations, yet they've got taken on new which means and significance.

Tackling those questions and encompassing research of conventional monetary concept and issues in addition to those who economists have merely extra lately addressed, 21st Century Economics: A Reference Handbook is a must have reference resource.

Key Features

  • Provides hugely readable summaries of thought and versions in key parts of micro and macroeconomics, invaluable for college students attempting to get a ''big picture'' feel of the field
  • Includes introductions to proper idea in addition to empirical facts, beneficial for readers drawn to studying approximately financial research of a topic to boot for college kids embarking on learn projects
  • Features chapters involved in state-of-the-art issues with allure for economists trying to find out about extensions of research into new components in addition to new ways
  • Presents models in graphical format and summarizes empirical proof in ways in which don't require a lot heritage in facts or econometrics, with the intention to maximize accessibility to students

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Hobbes, T. (1996). Leviathan or the matter, form, and power of a commonwealth ecclesiastical and civil (Rev. ). Cambridge, UK: Cambridge University Press. (Original work published 1651) Hutchison, T. W. (1988). Before Adam Smith: The emergence of political economy 1662–1776. Oxford, UK: Blackwell. , & Israel, G. (1990). The invisible hand: Economic equilibrium in the history of science. Cambridge: MIT Press. Keynes, J. M. (1936). The general theory of employment, interest and money. London: Macmillan.

L. ). Indianapolis, IN: Liberty Fund. (Original work published 1759) Theocharis, R. D. (1993). The development of mathematical economics: The years of transition, from Cournot to Jevons. Houndmills, UK: Macmillan. Walras, L. (1977). Elements of pure economics: or the theory of social wealth (W. ). Fairfield, NJ: A. M. Kelley. (Original work published 1874) Weintraub, E. R. (2002a). How economics became a mathematical science. Durham, NC: Duke University Press. Weintraub, E. R. ). (2002b). The future of the history of economics.

Like Ricardo, many supported free trade despite its possible inconveniencies and the need for government to intervene in some cases. However, this time period also saw the development of socialist ideas in reaction to the conditions of workers in the new industrial age and the classical economic thought that accompanied it. Influenced by classical authors but at the same time critical of them, Karl Marx (1818–1883) highlighted the internal contradictions of the current social relationships of production, the conflict between labor and capital, and the historical tendencies that brought about the modern economic system but also generated tensions that eventually led to its collapse.

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