Economic Theories
Feb 2025 · Publifye AS
Ebook
80
Pages
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About this ebook
Economic Theories provides a comprehensive exploration of foundational and modern economic concepts, revealing how centuries of economic thought have shaped our global landscape. It analyzes the progression of economic thought, from classical economics, with its focus on free markets and the ""invisible hand,"" to Keynesian economics, emphasizing government intervention during downturns. The book uniquely incorporates the rise of behavioral economics, integrating psychological insights into economic models to understand consumer behavior.
The book progresses logically, beginning with core concepts of classical economics and figures like Adam Smith, then transitioning to Keynesian economics and the role of fiscal policy. Finally, it explores behavioral economics, examining cognitive biases and their impact. By understanding this evolution, readers can better assess the strengths and limitations of each theory and apply them to contemporary challenges.
This approach offers a balanced view, acknowledging the strengths and weaknesses of different perspectives, making it valuable for students, professionals, and anyone seeking to navigate modern economic systems.
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