The General Theory of Employment, Interest and Money is a highly significant work that marked a turning point in the development of modern economic theory In The General Theory of Employment, Interest and Money, the British economist John Maynard Keynes argues that the belief that markets naturally tend towards full employment is a fallacy, and that state interventionism is therefore necessary to...
Read more
-
-
The Wealth of Nations explains how countries become wealthy In The Wealth of Nations, Adam Smith seeks to explain why some countries are wealthier and more development than other countries that are otherwise similar. In particular, he reflects on productivity and the crucial role played by free trade and free markets. This clear and detailed summary and analysis is a valuable resource...
Read more -
The World Is Flat is a vital book for understanding our modern globalised world In his international bestseller The World Is Flat, the American journalist Thomas Friedman argues that globalisation and hyperconnectivity, which are made possible by the rise of technology, have resulted in a "flattening" of the world as international economic barriers collapse. This clear and detailed summary and analysis...
Read more -
Learn about the OECD and the challenges of globalisation in just 50 minutes with this practical and concise book. The Organisation for Economic Co-operation and Development is a body which aims to regulate international trade and encourage cooperation between countries. It also provides governments with analyses and recommendations in order to promote more effective social and economic policies. This book...
Read more -
Understand the essentials of the theory of comparative advantage (also known as the law of comparative advantage or the law of relative advantage) in just 50 minutes with this practical and concise book. This theory, which was developed by the renowned economist David Ricardo, illustrates that specialization and trade benefit both parties in the exchange and generate wealth. It maintains that comparative...
Read more