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Later it critiques the mercantilism and a synthesis of the emerging economic thinking of his time. It is best known for the idea of the invisible hand, although this idea is only mentioned once in the book. [1]: 43, 47 Smith was critical of the "vile maxim" of the "masters of mankind", all for themselves and nothing for other people. The ...
The book draws from recent developments in economics research to argue solutions to the issues facing modern economies and societies around the world, including slowing economic growth, immigration, income inequality, climate change, globalization and technological unemployment. [3]
At the same time, Maddison showed them recovering lost ground from the 1950s, and documents the much faster rise of Japan and East Asia and the economic shrinkage of Russia in the 1990s. The book is a mass of statistical tables, mostly on a decade-by-decade basis, along with notes explaining the methods employed in arriving at particular figures.
In “The Velvet Rope Economy: How Inequality Became Big Business,” Schwartz examines a world where the highly affluent are increasingly segregated from the masses, enjoying access to the best ...
The World in the Model: How Economists Work and Think; Theory of Games and Economic Behavior; The Theory of Price; The Theory of the Leisure Class; The Third Pillar; The Three Trillion Dollar War; Towards a New Socialism; A Treatise on the Family; Trekonomics; True Wealth
The book compared the long-term economic histories of different regions, specifically Europe, United States, Japan, China, the Arab world, and Latin America. In addition to analyzing economic and cliometric figures, he credited intangible assets, such as culture and enterprise, to explain economic success or failure.
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book by economists George Akerlof and Robert Shiller written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, economists have tended to de-emphasize the ...
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.