30-Second Economics : The 50 Most Thought-Provoking Economic Theories, Each Explained in Half a Minute

Keynesian Economics, Free Market Capitalism, Monetarism, Game Theory and the Invisible Hand. Sure, you know what they mean. That is, you've certainly heard of them. But do you know enough about these economic theories to join a dinner party debate or dazzle the bar with your financial knowledge? 30 Second Economics takes the top 50 economic theories, and explains them to the general reader in half a minute, using nothing more than two pages, 300 words and one picture. Economics will suddenly seem a lot more fun than the economy, and make a lot more sense, and along the way you'll meet founding fathers of modern economics such as Adam Smith, David Ricardo and Alfred Marshall. From Marxism to Mercantilism, plus everything in between, this is the ultimate 'crash' course in economic theory. Cover; Title; Copyright; Contents; Introduction; Schools of Thought; GLOSSARY; Classical; Marxism; Keynesian economics (positive); profile: Friedrich von Hayek; Neoclassical synthesis; Austrian school; Economic Systems; GLOSSARY; Free market capitalism; Market socialism; profile: Milton Friedman; Central planning; Mercantilism; Shock therapy; The Washington consensus; Economic Cycles; GLOSSARY; Keynesian economics (normative); Monetarism; profile: John Maynard Keynes; The Phillips curve; Permanent income hypothesis; Rational expectations; Time consistency; Financial accelerator