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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. [ 1][ 2][ 3] Basic Economics is focused on how societies create prosperity or poverty ...
Economic history. Alma mater. University of Pavia. University of Paris. London School of Economics. Carlo M. Cipolla (15 August 1922 – 5 September 2000) was an Italian economic historian. He was a member of both the American Academy of Arts and Sciences and the American Philosophical Society. [ 1][ 2]
In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium. More specifically, in microeconomics there are no fixed ...
v. t. e. Game theory is the study of mathematical models of strategic interactions. [ 1] It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. [ 2] Initially, game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly ...
Schools of economic thought. In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a mutual perspective on the way economies function. While economists do not always fit within particular schools, particularly in the modern era, classifying economists into schools of thought is common.
Principles of Economics[ 1] is an introductory economics textbook by Harvard economics professor N. Gregory Mankiw. It was first published in 1997 and has ten editions as of 2024. [ 2] The book was discussed before its publication for the large advance Mankiw received for it from its publisher Harcourt [ 3] and has sold over a million copies ...
Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. [ 1][ 2][ 3] Microeconomics focuses on the study of individual markets, sectors, or industries as ...
Business portal. Money portal. v. t. e. Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) [ 1][ 2] is a social science that studies the production, distribution, and consumption of goods and services. [ 3][ 4] Economics focuses on the behaviour and interactions of economic agents and how economies work.