Economics Evolving: A History of Economic Thought

Economics Evolving: A History of Economic Thought

by Agnar Sandmo
     
 

ISBN-10: 0691148422

ISBN-13: 9780691148427

Pub. Date: 01/17/2011

Publisher: Princeton University Press

In clear, nontechnical language, this introductory textbook describes the history of economic thought, focusing on the development of economic theory from Adam Smith's Wealth of Nations to the late twentieth century.

The text concentrates on the most important figures in the history of economics, from Smith, Thomas Robert Malthus, David Ricardo, John

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Overview

In clear, nontechnical language, this introductory textbook describes the history of economic thought, focusing on the development of economic theory from Adam Smith's Wealth of Nations to the late twentieth century.

The text concentrates on the most important figures in the history of economics, from Smith, Thomas Robert Malthus, David Ricardo, John Stuart Mill, and Karl Marx in the classical period to John Maynard Keynes and the leading economists of the postwar era, such as John Hicks, Milton Friedman, and Paul Samuelson. It describes the development of theories concerning prices and markets, money and the price level, population and capital accumulation, and the choice between socialism and the market economy. The book examines how important economists have reflected on the sometimes conflicting goals of efficient resource use and socially acceptable income distribution. It also provides sketches of the lives and times of the major economists.

Economics Evolving repeatedly shows how apparently simple ideas that are now taken for granted were at one time at the cutting edge of economics research. For example, the demand curve that today's students probably get to know during their first economics lecture was originally drawn by one of the most innovative theorists in the history of the subject. The book demonstrates not only how the study of economics has progressed over the course of its history, but also that it is still a developing science.

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Product Details

ISBN-13:
9780691148427
Publisher:
Princeton University Press
Publication date:
01/17/2011
Edition description:
New Edition
Pages:
424
Sales rank:
304,013
Product dimensions:
6.00(w) x 9.10(h) x 1.30(d)

Table of Contents

Preface vii
Chapter 1: A Science and Its History 1
Chapter 2: Before Adam Smith 15
Chapter 3: Adam Smith 32
Chapter 4: The Classical School: Thomas Robert Malthusand David Ricardo 60
Chapter 5: Consolidation and Innovation: John Stuart Mill 89
Chapter 6: Karl Marx as an Economic Theorist 115
Chapter 7: The Forerunners of Marginalism 138
Chapter 8: The Marginalist Revolution I:William Stanley Jevons and Carl Menger 166
Chapter 9: The Marginalist Revolution II: Léon Walras 190
Chapter 10: Alfred Marshall and Partial Equilibrium Theory 213
Chapter 11: Equilibrium and Welfare: Edgeworth,Pareto, and Pigou 238
Chapter 12: Interest and Prices: Knut Wicksell and Irving Fisher 267
Chapter 13: New Perspectives on Markets and Competition 294
Chapter 14: The Great Systems Debate 318
Chapter 15: John Maynard Keynes and the Keynesian Revolution 339
Chapter 16: Frisch, Haavelmo, and the Birth of Econometrics 367
Chapter 17: The Modernization of EconomicTheory in the Postwar Period 391
Chapter 18: Further Developments in the Postwar Period 416
Chapter 19: Long-term Trends and New Perspectives 440
References 467
Index 485

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