A History of Portuguese Economic Thought

A History of Portuguese Economic Thought

by Antonio Almodovar, Jose Luis Cardoso
     
 

A History of Portuguese Economic Thought offers the first account in English of the development of economic thought in Portugal. The authors adopt a comparative approach to analyse how economic doctrine, theories and policies have been disseminated and assimilated by Portuguese economists in different periods. They assess the influence on Portuguese economic

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Overview

A History of Portuguese Economic Thought offers the first account in English of the development of economic thought in Portugal. The authors adopt a comparative approach to analyse how economic doctrine, theories and policies have been disseminated and assimilated by Portuguese economists in different periods. They assess the influence on Portuguese economic thought of major economists such as Adam Smith, Keynes and Hayek.

Product Details

ISBN-13:
9780415178877
Publisher:
Taylor & Francis
Publication date:
03/23/1998
Series:
Routledge History of Economic Thought Series
Pages:
150
Product dimensions:
6.00(w) x 9.00(h) x 0.50(d)

Meet the Author

Table of Contents

Introduction1
1The Golden Age and the mercantilist era (1500-1750)14
The medieval prelude14
Discovering new economic worlds and new market relations15
Maritime enterprise and the systems of insurance and exchange17
Mercantilism in the making22
Restoration and trade23
Population and subsistences26
Industry and the trade balance29
Balance and conclusion32
2The new path to the wealth of the Portuguese nation (1750-1808)36
The legacy of Marques de Pombal36
The Royal Academy of Sciences and the emergence of physiocratic influences39
Political and financial constraints41
Natural law, social order and legal despotism43
Physiocracy and the emergence of political economy46
The influence of Smith49
Smith in the shadow: a theoretical pretext for economic policy debates51
From economic liberalism to economic reform53
3The difficult reception of classical political economy (1810-1850)55
Old and new strategies for economic development55
Political economy, industry and progress58
Political economy and economic change63
Institutional change and the role of political economy66
The teaching system and the institutionalisation of political economy70
4The avoidance of analytical economic thought (1850-1920)78
Economics, politics and law78
Nationalist, historical and socialist concerns81
Socialist thought and state intervention84
The state and the market: the role of competition and economic freedom88
The formation of a plural canon90
The difficult existence of a mathematical economist96
5From corporatism to Keynesian economics (1920-1960)100
The absence of neo-classical economics100
Salazar and the rise of the corporative state103
Political economy and the economic policies of corporatism105
The ambiguous reception given to Keynesian ideas110
The spread of Keynesian economics112
Keynesianism, politics and economic policy114
Concluding remarks: peaceful coexistence in 'the age of extremes'116
Epilogue120
Notes122
References127
Name Index138
Subject Index142

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