December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Economic methods
KEY THINKER
Lionel Robbins (1898–1984)
BEFORE
1890 UK economist Alfred Marshall publishes Principles of Economics, which defines economics as “… that part of individual and social action which is most closely connected with the attainment and use of material requisites for well-being.”
AFTER
1962 US economist Milton Friedman endorses Robbins’s definition, yet expands the boundaries of what Robbins has defined as economics.
1971 US economist Gary Becker publishes Economic Theory, in which he defines economics as “the study of the allocation of scarce means to satisfy competing ends.”
In 1932, the British economist Lionel ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.