A History of Economic Thought: The LSE Lectures / Edition 1

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Overview

Lionel Robbins' 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.
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Editorial Reviews

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
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
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
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Product Details

  • ISBN-13: 9780691070148
  • Publisher: Princeton University Press
  • Publication date: 10/16/2000
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 393
  • Sales rank: 1,005,839
  • Product dimensions: 6.00 (w) x 9.10 (h) x 1.00 (d)

Table of Contents

List of Figures
Foreword
Introduction
A Anticipations 3
Lecture 1 Introduction - Plato 5
Lecture 2 Plato and Aristotle 16
Lecture 3 Aquinas and the Scholastics 26
Lecture 4 Pamphleteers - Money (Oresme, Bodin, "W.S.") 35
Lecture 5 Pamphleteers - Mercantilism (Malynes, Misselden, Mun) 46
Lecture 6 Sir William Petty 55
Lecture 7 Child and Locke (Interest) 66
B Emergence of Systems 75
Lecture 8 Cantillon 77
Lecture 9 Cantillon (cont.) - Physiocracy 86
Lecture 10 Physiocrats - Turgot 95
Lecture 11 Locke and Hume on Property - Hume on Money 104
Lecture 12 Hume on Interest and Trade - Precursors of Adam Smith 114
Lecture 13 General Survey of Smith's Intentions - The Wealth of Nations: Analytical (I) 125
Lecture 14 The Wealth of Nations: Analytical (II) 133
Lecture 15 The Wealth of Nations: Analytical (III) - Policy (I) 143
Lecture 16 The Wealth of Nations: Policy (II) 153
C Nineteenth-Century Classicism 165
Lecture 17 General Review - Malthus on Population 167
Lecture 18 Value and Distribution: Historical Origin - Analytical (I) 176
Lecture 19 Value and Distribution: Analytical (II) 185
Lecture 20 Value and Distribution: Analytical (III) 192
Lecture 21 Overall Equilibrium 201
Lecture 22 International Trade 210
Lecture 23 John Stuart Mill 219
D Other Mid-Nineteenth-Century Thought 229
Lecture 24 Mill (cont.) - Saint-Simon and Marx 231
Lecture 25 Marx (cont.) - List and the Historical School 238
E Beginnings of Modern Analysis 247
Lecture 26 The Historical School (cont.) - Precursors of Change: Cournot, von Thunen, and Rae 249
Lecture 27 The Marginal Revolution (I): Jevons 258
Lecture 28 The Marginal Revolution (II): Jevons and Menger 268
Lecture 29 The Marginal Revolution (III): Costs (Wieser) - The Pricing of Factor Services (Wieser, Clark, Wicksteed) 277
Lecture 30 Capital Theory: Bohm-Bawerk and Fisher 285
Lecture 31 Walras - Pareto 295
Lecture 32 Marshall 303
Lecture 33 Money: Fisher, Marshall, Wicksell 312
App. A Robbins' Reading List 321
App. B Robbins' Writings in the History of Economic Thought 331
References 337
Index 355
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