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How has the field of economics evolved to address changing economic realities and theoretical understandings? This book traces the development of economic thought from classical economics to modern economic theories, including Keynesian economics, monetarism, and contemporary behavioral economics. It discusses the contributions of major economists such as Adam Smith, Karl Marx, John Maynard Keynes, and Milton Friedman. The narrative examines how economic theories have been applied to address issues such as inflation, unemployment, and economic growth. By exploring the evolution of economic policies and their impact on societies, the book provides insights into how economics as a discipline continues to evolve in response to new data, technologies, and societal needs, offering a deep understanding of the principles that govern economic decision-making and policy formation.
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