A History of Economic Thought: The LSE Lectures

A History of Economic Thought: The LSE Lectures

by Lionel Robbins, London School of Economics and Political Science Department, Warren J. Samuels, Steven G. Medema
     
 
Lionel Robbins's now famous lectures on the history of economic thought comprise one of the greatest accounts since World War II of the evolution of economic ideas. This volume represents the first time those lectures have been published.

Lord Robbins (1898-1984) was a remarkably accomplished thinker, writer, and public figure. He made important contributions to

Overview

Lionel Robbins's now famous lectures on the history of economic thought comprise one of the greatest accounts since World War II of the evolution of economic ideas. This volume represents the first time those lectures have been published.

Lord Robbins (1898-1984) was a remarkably accomplished thinker, writer, and public figure. He made important contributions to economic theory, methodology, and policy analysis, directed the economic section of Winston Churchill's War Cabinet, and served as chairman of the Financial Times. As a historian of economic ideas, he ranks with Joseph Schumpeter and Jacob Viner as one of the foremost scholars of the century. These lectures, delivered at the London School of Economics between 1979 and 1981 and tape-recorded by Robbins's grandson, display his mastery of the intellectual history of economics, his infectious enthusiasm for the subject, and his eloquence and incisive wit. They cover a broad chronological range, beginning with Plato, Aristotle, and Aquinas, focusing extensively on Adam Smith, Thomas Malthus and the classicals, and finishing with a discussion of moderns and marginalists from Marx to Alfred Marshall. Robbins takes a varied and inclusive approach to intellectual history. As he says in his first lecture: "I shall go my own sweet way--sometimes talk about doctrine, sometimes talk about persons, sometimes talk about periods." The lectures are united by Robbins's conviction that it is impossible to understand adequately contemporary institutions and social sciences without understanding the ideas behind their development.

Authoritative yet accessible, combining the immediacy of the spoken word with Robbins's exceptional talent for clear, well-organized exposition, this volume will be welcomed by anyone interested in the intellectual origins of the modern world.

"Everything about this book breathes affection: Lionel Robbins's concern for his students down the decades, the editors' sensitive treatment of their subject, and Professor William Baumol's modest justification for his foreward: 'I was there!'" (Arthur Seldon, Times Literary Supplement)

"For anyone who has taught a course in the history of economic thought or who has more than a passing interest in the field, this book will be a delight." (Choice)

"As the 20th century draws to a close, the history of economic thought is beginning to look different, and the publication of Lionel Robbins's London School of Economics lectures on the subject will contribute to this process of rethinking. . . . A welcome relief from the ponderousness of many volumes on this subject." (Virginia Quarterly Review)

"The book . . . is filled with insights. . . . The editors, in order to retain to the fullest the inimitable flavor of Robbins' personality, have wisely not tidied up the text. . . . [They] deserve high praise for making these fine lectures available." (Mises Review)

"With a profound sense of humor and highly engaging anecdotes, this master teacher provided an unusual opportunity to discover not only the ideas but also the very different frames of reference that inspired the contributions of these great minds to our present understanding of economics. Essential reading." (Library Journal)

"These lectures reflect Robbins' two personae--the scholarly exponent of the centuries of economic thought and the passionate advocate of classical liberalism. A decisive part of his intellectual armoury was his often elegant, classical spoken English, which evoked a mixture of awe and wonder. In his LSE lectures, which he may have felt were his last epistles to posterity, the language is more informal, sometimes, colloquial, even unfamiliarly conversational." (Arthur Seldon, Times Literary Supplement)

"Anyone reading these lectures can, and surely will, admire their style, the range of material they cover, the dazzling intellectual brilliance, and the stimulation they provide." (From the foreword by William J. Baumol, New York University)

Editorial Reviews

Arthur Seldon
These lectures reflect Robbins' two personae - the scholarly exponent of the centuries of economic thought and the passionate advocate of classical liberalism. A decisive part of his intellectual armoury was his often elegant, classical spoken English, which evoked a mixture of awe and wonder. In his LSE lectures, which he may have felt were his last epistles to posterity, the language is more informal, sometimes, colloquial, even unfamiliarly conversational.
TLS
Library Journal
Robbins taught at the London School of Economics (LSE) from 1929 to 1961, directed the economic section of the British War Cabinet during World War II, and served as chair of the Financial Times from 1961 until 1970. In 1980, he began a series of 33 lectures at LSE in which he discussed the history of economic thought, from Plato and Aristotle to Alfred Marshall and John Maynard Keynes, and the intellectual and practical errors associated with its development. With a profound sense of humor and highly engaging anecdotes, this master teacher provided an unusual opportunity to discover not only the ideas but also the very different frames of reference that inspired the contributions of these great minds to our present understanding of economics. Essential reading for instructors, students, and practitioners alike, this is highly recommended for both academic and public libraries.--Norman B. Hutcherson, Beale Memorial Lib., Bakersfield, CA
Times Literary Supplement - Arthur Seldon
These lectures reflect Robbins' two personae—the scholarly exponent of the centuries of economic thought and the passionate advocate of classical liberalism. A decisive part of his intellectual armoury was his often elegant, classical spoken English, which evoked a mixture of awe and wonder. In his LSE lectures, which he may have felt were his last epistles to posterity, the language is more informal, sometimes, colloquial, even unfamiliarly conversational.
EH.NET - Bradley W. Bateman
Robbins obviously loved the history of economic thought, but the passion that shows through on each page of this book is more than a passion for the history of economics. Robbins loved the discipline of economics itself, and the lectures reflect the gusto with which he had spent his life pursuing its mastery.
From the Publisher
"Everything about this book breathes affection: Lionel Robbins's concern for his students down the decades, the editors' sensitive treatment of their subject, and Professor William Baumol's modest justification for his foreward: 'I was there!'"—Arthur Seldon,Times Literary Supplement

"For anyone who has taught a course in the history of economic thought or who has more than a passing interest in the field, this book will be a delight."Choice

"As the 20th century draws to a close, the history of economic thought is beginning to look different, and the publication of Lionel Robbins's London School of Economics lectures on the subject will contribute to this process of rethinking. . . . A welcome relief from the ponderousness of many volumes on this subject."Virginia Quarterly Review

"The book . . . is filled with insights. . . . The editors, in order to retain to the fullest the inimitable flavor of Robbins' personality, have wisely not tidied up the text. . . . [They] deserve high praise for making these fine lectures available."Mises Review

"With a profound sense of humor and highly engaging anecdotes, this master teacher provided an unusual opportunity to discover not only the ideas but also the very different frames of reference that inspired the contributions of these great minds to our present understanding of economics. Essential reading."Library Journal

"These lectures reflect Robbins' two personae—the scholarly exponent of the centuries of economic thought and the passionate advocate of classical liberalism. A decisive part of his intellectual armoury was his often elegant, classical spoken English, which evoked a mixture of awe and wonder. In his LSE lectures, which he may have felt were his last epistles to posterity, the language is more informal, sometimes, colloquial, even unfamiliarly conversational."—Arthur Seldon,Times Literary Supplement

"Robbins obviously loved the history of economic thought, but the passion that shows through on each page of this book is more than a passion for the history of economics. Robbins loved the discipline of economics itself, and the lectures reflect the gusto with which he had spent his life pursuing its mastery."—Bradley W. Bateman, EH.NET

Times Literary Supplement
These lectures reflect Robbins' two personae—the scholarly exponent of the centuries of economic thought and the passionate advocate of classical liberalism. A decisive part of his intellectual armoury was his often elegant, classical spoken English, which evoked a mixture of awe and wonder. In his LSE lectures, which he may have felt were his last epistles to posterity, the language is more informal, sometimes, colloquial, even unfamiliarly conversational.
— Arthur Seldon
Choice
For anyone who has taught a course in the history of economic thought or who has more than a passing interest in the field, this book will be a delight.
Virginia Quarterly Review
As the 20th century draws to a close, the history of economic thought is beginning to look different, and the publication of Lionel Robbins's London School of Economics lectures on the subject will contribute to this process of rethinking. . . . A welcome relief from the ponderousness of many volumes on this subject.
Mises Review
The book . . . is filled with insights. . . . The editors, in order to retain to the fullest the inimitable flavor of Robbins' personality, have wisely not tidied up the text. . . . [They] deserve high praise for making these fine lectures available.
EH.NET
Robbins obviously loved the history of economic thought, but the passion that shows through on each page of this book is more than a passion for the history of economics. Robbins loved the discipline of economics itself, and the lectures reflect the gusto with which he had spent his life pursuing its mastery.
— Bradley W. Bateman

Product Details

ISBN-13:
9780691012445
Publisher:
Princeton University Press
Publication date:
07/27/1998
Pages:
393
Product dimensions:
6.39(w) x 9.60(h) x 1.17(d)

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What People are saying about this

William J. Baumol
Anyone reading these lectures can, and surely will, admire their style, the range of material they cover, the dazzling intellectual brilliance, and the stimulation they provide.
From the foreword by William J. Baumol, New York University

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