Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and HAcbertas survey provides historical and international contexts for how economic models have served social needs throughout the centuriesabeginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis. Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by John Stuart Mill and Edwin Chadwick to problems raised by the Industrial Revolution; the role of psychology and aexperimentsa in understanding demand and consumer behavior; discussions of modern economic theory as it interrelates with other social sciences; and a close look at the historical development of the critical role of entrepreneurship, both in its productive and unproductive variants. The authorsa creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Well-crafted discussions are further enriched by absorbing examples and figures. Thorough suggested reading lists give options for more in-depth explorations by interested readers.From time to time auto manufacturers increase the warranty period applied to new cars. ... Regardless of Toyotaa#39;s behavior, GMa#39;S profits are higher when it offers Does not provide extended warranty GM Does provide extended warranty Danbsp;...
|Title||:||A History of Economic Theory and Method|
|Author||:||Robert B. Ekelund, Jr., Robert F. Hébert|
|Publisher||:||Waveland Press - 2013-08-30|