The most valuable of all capital is that invested in human beings. An uncannily prophetic quote from an 1890 book, Principles of Economics by Alfred Marshall presents an idea that has been accepted by major corporations and governments all over the world today.
People's understanding of market behavior and how industries operate has its roots in the work done by European economists more than a century ago. Little has changed in terms of principles, though the effects of globalization and technology resulted an unmistakable impact on how business is done today.
Alfred Marshall was a thought leader. He presented path breaking concepts like the principle of diminishing returns: the assumption that companies or products who taste early success in markets soon fall prey to their own limitations, thus leading to a quantifiable and predictable equilibrium of market share and pricing.
"Harmonies of Political Economy" is a major work by the French economist Frederic Bastiat, who lived from 1801 to 1850. The book, which was first published in 1850, explores the principles of economic theory and argues that free markets are the most...
Does capitalism have a natural tendency towards a just and reasonable distribution of wealth? The French economist Thomas Piketty thinks not.
In his bestselling 2013 book, Capital in the Twenty-First Century, Piketty takes issue with the idea that&...
Competitors have always existed in business, but what if it were possible to render your competition irrelevant? This is the critical question posed in W. Chan Kim and Renee Mauborgne’s book Blue Ocean Strategy.
According to Kim and Mauborgne...
John Bates Clark was an American economist who lived in the late 19th and early 20th centuries. He is considered one of the founders of the neoclassical school of economics and is best known for his work on marginal productivity theory.One of Clark'...
"Political Economy" is a collection of essays by the French economist and writer Frederic Bastiat. The book was first published in 1850 and contains some of Bastiat's most famous essays, including "The Law" and "What Is Seen and What Is Not Seen."In...
“A MASTERPIECE OF THRILLER AND MYSTERY. Blake Pierce did a magnificent job developing characters with a psychological side so well described that we feel inside their minds, follow their fears and cheer for their success. Full of twists, this ...
"Supply and Demand" is a book written by Hubert Henderson that explores the economic principles of supply and demand. The book examines how prices are determined in a free market economy and how changes in supply and demand affect those prices.Hende...
What if we lived in a world where everyone had enough? A world where everyone mattered and where people lived in harmony with nature? What if the solution to our economic, social, and ecological problems was right underneath our feet? Land has been ...
Why don’t flight attendants get tipped? Why are high gas prices better? How safe is your job? And why does KFC always run out of fried chicken?Dazzling audiences around the world with their wry and unconventional insights, Freakonomics authors...
Narrator: Faith Salie Published: 05/05/2015
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