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Cambridge University Press
Economic Theory in Retrospect / Edition 5

Economic Theory in Retrospect / Edition 5

by Mark Blaug


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Product Details

ISBN-13: 9780521577014
Publisher: Cambridge University Press
Publication date: 11/28/2013
Edition description: Revised
Pages: 751
Product dimensions: 5.98(w) x 8.98(h) x 1.69(d)

Table of Contents

Introduction; 1. Pre-Adamite economics; 2. Adam Smith; 3. Population, diminishing returns and rent; 4. Ricardo's system; 5. Say's Law and classical monetary theory; 6. John Stuart Mill; 7. Marxian economics; 8. The marginal revolution; 9. Marshallian economics: utility and demand; 10. Marshallian economics: cost and supply; 11. Marginal productivity and factor prices; 12. The Austrian theory of capital and interest; 13. General equilibrium and welfare economics; 14. Spatial economics and the classical theory of location; 15. The neoclassical theory of money, interest and prices; 16. Macroeconomics; 17. A methodological postscript.

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"It is said there is only one Mark Blaug, the doyen of the history of economic thought. There are, in fact, five, each more remarkable than his predecessor. This last edition of his magnum opus-witty, serious; iconoclastic, devout; in its core unchanged, full of new insights-is the best yet. I cannot imagine a scholar's library-or for that matter a student's-without it." Robert Heilbroner

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Economic Theory in Retrospect 4 out of 5 based on 0 ratings. 1 reviews.
Ndkchk on LibraryThing 23 days ago
First, the good: Blaug goes over an incredible amount of economic theory, very expertly summarizing the key thoughts and ideas of most major economists. His prose is not easy to read, but after understanding it, it's hard to see how he could have more easily gotten the information across. His readers guides to the major works of economics are excellent.Now, the bad: Blaug assumes that his reader understands economics from a modern perspective. As such, he sometimes explains certain ideas of early economists by discussing the more modern ideas that they led to. This gets worse when he discusses more recent economists like Marshall or Keynes. Also, the fifth edition is fairly poorly edited, with errors in both the text and the equations--if something doesn't make sense, there's a chance it's wrong.I would recommend this book. It's probably the closest you can get to actually reading the source texts themselves, and Blaug's analysis is worth reading.