The World Of Economics by John Eatwell, Murray Milgate, Peter Newman

"The World of Economics" is a comprehensive reference book that serves as an essential guide to the field of economics, offering a wide-ranging compilation of entries penned by an international group of economists and scholars. The work covers key concepts, theories, and figures that have shaped economic thought, providing readers with a deep understanding of both historical and contemporary economic issues. Its encyclopedic format presents a wealth of information on various topics, including economic policy, market structures, and foundational principles, making it a valuable resource for students, professionals, and anyone interested in the complexities of how economies function and evolve.

The 3127th greatest book of all time

Ranking Details:

Our ranking system awards points to books based on their appearance and position on curated lists. Here's how it works:

Unranked Lists: For lists without specific rankings, each book receives points equivalent to the list's weight. This approach recognizes the book's inclusion on prestigious lists.

Ranked Lists: Books on ranked lists receive points in two ways:

  • Base Points: Initially, every book is awarded points equal to the list's weight, acknowledging its significance.
  • Bonus Points: Additionally, books earn bonus points based on their ranking. The total bonus pool, equal to 100% of the list's weight, is distributed among the books, with higher-ranked books receiving more points.

Exponential Distribution: The distribution of bonus points follows an exponential model. This means the top-ranked book (#1) receives significantly more bonus points than those further down the list (e.g., #100). Our algorithm ensures that higher placements are rewarded more generously, reflecting the achievement of a top rank on any given list.

This scoring system ensures that each book's ranking reflects both its presence on multiple lists and its positions within those lists, providing a comprehensive measure of its acclaim and popularity.

Total Points: 105

This book was first published in 1991

1 Lists