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Principles of Economics and Business 1 (POEB1) Economists' Main Ideas Summary

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A short and concise summary of the main ideas of papers of six economists studied in Principles of Economics and Business 1. These economists are Adam Smith, Ronald Coase, Friedrich von Hayek, Michael Porter, Walter Bagehot, and Arnold Harberger. This material is used during the weekly assignments and for exam preparation.

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Uploaded on
November 12, 2021
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November 12, 2021
Number of pages
4
Written in
2019/2020
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Summary

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Principles of Economics and Business 1

The main ideas of the six economists studied in POEB1


Adam Smith – “The Wealth of Nations” 2

Ronald Coase – “The Nature of the Firm” 2

Friedrich von Hayek – “The Use of Knowledge in Society” 3

Michael Porter – “How Competitive Forces Shape Strategy” 3

Walter Bagehot – “A General View of Lombard Street” 4

Arnold Harberger – “Monopoly and Resource Allocation” 4

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