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...
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Understand the essentials of the PESTLE analysis (also known as PESTEL analysis or PESTLE framework) in just 50 minutes with this practical and concise book. The PESTLE analysis is based on the observation that the development of a business depends on a host of key macroeconomic factors, which may represent opportunities or threats for the company. Identifying pivot variables using...
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Understand the essentials of the Mundell-Fleming model (also known as the IS-LM-BoP model or the IS-LM-BP model) in just 50 minutes with this practical and concise book. The Mundell-Fleming model is crucial to understanding international macroeconomics: it provides the general framework for economic policy within the Eurozone, and allows us to analyze the role of international capital mobility in the effectiveness of macroeconomic...
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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...
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