The Economics Book
179 The steam hammer, invented in 1837, was one of the machine tools that increased the pace of industrialization, allowing mach ...
180 DIFFERENT PRICES TO DIFFERENT PEOPLE PRICE DISCRIMINATION I n the 1840s the French engineer and economist Jules Dupuit sugge ...
181 Students have low incomes, so high prices effectively bar them from doing or buying certain things. Student discount rates b ...
POST-W ECONOM 19 4 5 –19 70 ...
AR ICS ...
184 T he years immediately following World War II were, inevitably, a time for rebuilding economies. Even before the end of the ...
185 countries were not moving along the same lines. Much of Asia was under communist rule, and the Iron Curtain now separated Eu ...
186 T he gold standard was a monetary system that backed paper money with gold, thereby guaranteeing its value. It came into eff ...
POST-WAR ECONOMICS 187 See also: Comparative advantage 80–85 ■ Depressions and unemployment 15 4 – 61 ■ Market integration 226–3 ...
ALL POOR COUNTRIES NEED IS A BIG PUSH DEVELOPMENT ECONOMICS ...
...
190 O ne of the central questions for economists is “how did poor nations become rich?” After World War II this question reemerg ...
191 and factories are complementary: the existence of one makes the others more economically viable. This can lead to a logical ...
192 no power station and no factory, developing economies suddenly need to have both. Starting from a position where they have n ...
193 Singapore became a modern nation- state in 1965. Government policies attracted foreign investment and the state thrived on i ...
194 I n 1944, the US mathematician John von Neumann and the German-born economist Oskar Morgenstern developed expected utility t ...
195 See also: Economic man 52–53 ■ Risk and uncertainty 162–63 ■ Paradoxes in decision making 248–49 ■ Behavioral economics 266– ...
GOVERNMENTS SHOULD DO NOTHING BUT CONTROL THE MONEY SUPPLY MONETARIST POLICY ...
...
198 that “money matters.” Friedman believed that money affects output in the short run and prices only in the long run. He argue ...
«
5
6
7
8
9
10
11
12
13
14
»
Free download pdf
