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Economics Evolving A History of Economic Thought

ISBN-10: 0691148422
ISBN-13: 9780691148427
Edition: 2011
Authors: Agnar Sandmo
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Description: In clear, nontechnical language, this introductory textbook describes the history of economic thought, focusing on the development of economic theory from Adam Smith'sWealth of Nationsto the late twentieth century.The text concentrates on the most  More...

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Book details

Copyright year: 2011
Publisher: Princeton University Press
Publication date: 1/25/2011
Binding: Paperback
Pages: 504
Size: 6.00" wide x 9.00" long x 1.25" tall
Weight: 1.430
Language: English

In clear, nontechnical language, this introductory textbook describes the history of economic thought, focusing on the development of economic theory from Adam Smith'sWealth of Nationsto 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 Evolvingrepeatedly 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.

Preface
A Science and Its History
Before Adam Smith
Adam Smith
The Classical School: Thomas Robert Malthus and David Ricardo
Consolidation and Innovation: John Stuart Mill
Karl Marx as an Economic Theorist
The Forerunners of Marginalism
The Marginalist Revolution I: William Stanley Jevons and Carl Menger
The Marginalist Revolution II: L�on Walras
Alfred Marshall and Partial Equilibrium Theory
Equilibrium and Welfare: Edgeworth, Pareto, and Pigou
Interest and Prices: Knut Wicksell and Irving Fisher
New Perspectives on Markets and Competition
The Great Systems Debate
John Maynard Keynes and the Keynesian Revolution
Frisch, Haavelmo, and the Birth of Econometrics
The Modernization of Economic Theory in the Postwar Period
Further Developments in the Postwar Period
Long-term Trends and New Perspectives
References
Index

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