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Preface and Acknowledgments | |
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Prologue: Populating the Pantheon | |
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Subject Matter | |
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Perspective | |
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Populating the Pantheon | |
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Periodization | |
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Organization | |
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The Classical Era (ca. 1680-1830) | |
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The Leitmotiv of Classical Economics | |
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Antecedents: Supply and Demand | |
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Commonplace Economics | |
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The Scholastics | |
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Mercantilism | |
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Richard Cantillon | |
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Life | |
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The Essai | |
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A Land Theory of Value | |
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The "Three Rents." | |
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Classical Monetary Theory | |
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Place in the History of Economics | |
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Appendix | |
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Francois Quesnay | |
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Life | |
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Works | |
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The Tableau Economique as a Circular Flow | |
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The Tableau Economique as an Input-Output Table | |
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The Tableau Economique as a Zigzag | |
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Capital | |
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Policy Maxims | |
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Place in the History of Economics | |
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Money: The Emergence of the Classical Tradition | |
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John Law | |
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David Hume | |
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Pehr Niclas Christiernin | |
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Adam Smith | |
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Life | |
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Works | |
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Price | |
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The Social Accounts | |
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Labor and Wages | |
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Land and Rent | |
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Capital and Profit | |
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The Invisible Hand | |
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Liberalism and Mercantilism | |
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Place in the History of Economics | |
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Production and Factor Supply | |
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Jacques Turgot | |
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James Anderson | |
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Thomas Robert Malthus | |
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John Rae | |
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David Ricardo | |
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Life and Works | |
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Value | |
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The Invariable Measure of Value | |
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Rent | |
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Wages | |
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Profits | |
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Comparative Advantage | |
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Monetary Theory | |
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Place in the History of Economics | |
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Money: The Completion of the Classical Tradition | |
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Henry Thornton | |
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Jean-Baptiste Say | |
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Nassau Senior | |
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Utility and Demand | |
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Ferdinando Galiani and William Forster Lloyd | |
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Daniel Bernoulli and Jeremy Bentham | |
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John Stuart Mill | |
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Jules Dupuit | |
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Karl Marx | |
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Life | |
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Works | |
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The Dialectic Model of History | |
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Capitalism | |
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Value | |
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Two-Sector Balanced Growth | |
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Falling Profits and the Collapse of Capitalism | |
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Place in the History of Economics | |
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The Marginalist Era (ca. 1830-1930) | |
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The Leitmotiv of Marginalism | |
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Johann Heinrich von Thunen | |
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Life | |
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Works | |
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Rent and Factor Intensities for One Good | |
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Resource Allocation and Location for Many Goods | |
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Marginal Productivity | |
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The Natural Wage | |
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Capital and Interest | |
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Thunen's Method | |
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Place in the History of Economics | |
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Antoine Augustin Cournot | |
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Life | |
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Works | |
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The Law of Demand | |
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Monopoly | |
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Taxation | |
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Duopoly | |
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Pure Competition | |
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Place in the History of Economics | |
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Hermann Heinrich Gossen | |
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Life | |
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Work | |
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Optimal Allocation of Time | |
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Production | |
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Exchange | |
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Rent | |
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Capital and Interest | |
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Nationalization of Land | |
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Place in the History of Economics | |
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William Stanley Jevons | |
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Life | |
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Works | |
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Utility | |
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Exchange | |
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Capital and Interest | |
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Mathematics | |
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Place in the History of Economics | |
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Leon Walras | |
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Life | |
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Works | |
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From Partial Equilibrium to General Equilibrium | |
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The Tatonnement Process | |
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Production and the Circular Flow | |
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Investment and Interest | |
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Money | |
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Welfare | |
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Place in the History of Economics | |
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The Viennese School | |
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Carl Menger | |
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Eugen von Bohm-Bawerk | |
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Friedrich von Wieser | |
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Alfred Marshall | |
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Life | |
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Works | |
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From General Equilibrium to Partial Equilibrium | |
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Reciprocal Demand Curves | |
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The Marshallian Cross | |
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Elasticity of Demand | |
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Period Analysis of Supply | |
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The Falling Supply Curve and Externalities | |
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Place in the History of Economics | |
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Knut Wicksell | |
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Life | |
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Works | |
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Marginal Productivity Theory of Distribution | |
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Solving the Exhaustion Problem | |
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The Capital Paradigm | |
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The Cumulative Process | |
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Place in the History of Economics | |
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Vilfredo Pareto | |
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Life | |
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Works | |
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Pareto's Law of Income Distribution | |
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Ordinal Utility | |
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Pareto Optimality | |
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Comparative Statics of Demand | |
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Place in the History of Economics | |
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Irving Fisher | |
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Life | |
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Works | |
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Interdependent Goods | |
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Interest Parity and Expectations | |
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The Rate of Interest | |
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The Quantity Theory of Money | |
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Place in the History of Economics | |
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Exchange and Prices | |
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Francis Ysidro Edgeworth | |
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Rudolf Auspitz and Richard Lieben | |
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Wilhelm Launhardt | |
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Eugen Slutsky | |
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Edward Chamberlin | |
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Joan Robinson | |
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The Era of Economic Models (since about 1930) | |
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The Leitmotiv of the Model-Building Era | |
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Welfare | |
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Arthur Cecil Pigou | |
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Frank Ramsey | |
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Abba Lerner | |
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Harold Hotelling | |
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James Meade | |
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John Maynard Keynes | |
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Life | |
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Principal Economic Works | |
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Wage Rigidity | |
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Effective Demand | |
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The Multiplier | |
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Liquidity Preference | |
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The Futility of Wage Reductions | |
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Stabilization Policy | |
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The "Keynesian Revolution." | |
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Place in the History of Economics | |
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John Hicks | |
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Life | |
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Works | |
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Production | |
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Composite Goods | |
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Comparative Statics and Stability | |
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Period Dynamics and the Term Structure | |
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Place in the History of Economics | |
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The Planners | |
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Ragnar Frisch | |
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Jan Tinbergen | |
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Wassily Leontief | |
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John von Neumann | |
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Life | |
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Works | |
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The Theory of Games | |
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The Existence of Growth Equilibrium | |
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Cardinal Utility | |
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Tjalling Koopmans | |
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Life | |
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Works | |
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Econometrics | |
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Linear Programming | |
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Efficient Production | |
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Place in the History of Economics | |
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Paul Samuelson | |
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Life | |
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Works | |
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Revealed Preference | |
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Factor Price Equalization | |
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The Transfer Problem | |
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The Correspondence Principle | |
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Nonsubstitution | |
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Public Goods | |
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The Turnpike | |
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Overlapping Generations | |
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Randomness of Speculative Prices | |
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Place in the History of Economics | |
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Economic Growth | |
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Joseph Schumpeter | |
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Roy Harrod | |
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Robert Solow | |
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The Golden Rule | |
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Monetary Macroeconomics: Neoclassical Synthesis | |
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Lloyd Metzler | |
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Franco Modigliani | |
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James Tobin | |
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Kenneth Arrow | |
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Life | |
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Works | |
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Social Choice | |
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The Welfare Theorems | |
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Arrow-Debreu Equilibrium | |
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Contingent Claims and Insurance | |
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Health Economics | |
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Place in the History of Economics | |
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Monetary Macroeconomics: Policy Rules | |
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Milton Friedman | |
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John Muth | |
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Robert Lucas | |
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Epilogue: The Dynamics of Scientific Progress | |
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The Driving Forces | |
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Responses | |
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Success and Failure | |
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References | |
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Author Index | |
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Subject Index | |