He concludes with a deft summation of world economists' major concerns today and their critical relation to world events. Over the course of this journey, Kurz explains what Adam Smith meant by the 'invisible hand' how Karl Marx's 'law of motion' works in capitalist economies the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty John Maynard Keynes's principle of effective demand and economic stabilization and the insights and challenges offered by growth theory, welfare economics, game theory, and more. Kurz is professor of economics at the University of Graz in Austria and founder of the Graz Schumpeter Centre. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of more recent scholars such as Paul Samuelson and Kenneth J. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories. Economic Thought: A Brief History Paperback Augby Heinz Kurz (Author), Jeremiah Riemer (Translator) 26 ratings See all formats and editions Kindle 13.19 Read with Our Free App Hardcover 37.58 8 Used from 8.85 14 New from 30.90 1 Collectible from 51. About the Book In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. In this concise yet comprehensive history, Heinz D.

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Economic Thought by Heinz D. Kurz