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| Note: Each chapter includes a Summary, Key Terms, Questions for Review and Discussion, and Suggested Readings | |
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| Introduction The Central Focus of Modern Economic Thought | |
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| Our Approach to the History of Economic Thought | |
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| The Role of Heterodox Economists | |
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| The Problems of Presenting Diversity | |
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| Methodological Issues | |
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| Benefits to Be Gained from the Study of the History of Economic Thought | |
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| Appendix for Chapter 1 The Profession of Economics and Its Methodology T | |
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| he Spread of Economic Ideas | |
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| The Evolution of Methodological Thought | |
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| Preclassical Economics | |
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| Early Preclassical Economic Thought | |
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| Important Writers Some Broad Generalizations | |
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| Non-Western Economic Thought | |
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| Greek Thought | |
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| Arab-Islamic Thought | |
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| Scholasticism | |
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| Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought | |
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| Important Writers Mercantilism Influential | |
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| Precursors of Classical Thought | |
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| Physiocracy Spanish Economic Thought | |
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| Classical Economic Thought, and Its Critics Important Writers | |
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| Adam Smith The Breadth of Adam Smith Smith's Analysis of Markets and Policy Conclusions | |
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| The Nature and Causes of the Wealth of Nations | |
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| International Trade Value Theory | |
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| Distribution Theory | |
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| Welfare and the General Level of Prices | |
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| Ricardo and Malthus David Ricardo--A Theorist's Theorist | |
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| The Malthusian Population Doctrine Ricardo: Method, Policy, Scope Ricardo's Model Ricardo's Theory of Land Rent Ricardo's Value Theory | |
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| Ricardian Distribution Theory | |
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| Comparative Advantage | |
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| Stability and Growth in a Capitalistic Economy | |
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| J.S. Mill and the Decline of Classical Economics | |
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| Post-Ricardian Developments J.S. Mill: The Background of His Thought Millian Economics | |
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| Karl Marx and His Critique of Classical Economics | |
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| An Overview of Marx Marx's Economic Theories Marx's Analysis of Capitalism | |
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| Neoclassical Economic Thought and Its Critics | |
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| Jevons, Menger, and The Foundations of Marginal Analysis | |
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| Important Writers Historical Links Jevons, Menger, and Walras | |
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| Second-Generation Austrians | |
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| The Transition to Neoclassical Economics: Marginal Analysis Extended | |
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| Important Writers Marginal Analysis Extended: The Second Generation | |
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| Marginal Productivity Theory | |
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| Profits and Interest | |
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| Alfred Marshall and Neoclassical Economics | |
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| Marshall's Claim to Being the Father of Neoclassicism | |
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| Walras and General Equilibrium Theory | |
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| Walras's General Equilibrium System Vilfredo Pareto | |
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| Institutional and Historical Critics of Neoclassical Economics | |
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| Important Writers Methodological Controversy Thorstein Veblen Wesley Clair Mitchell John R. Commons John A. Hobson | |
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| Austrian Critique of Neoclassical Economics and the Debate about Socialism and Capitalism | |
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| Important Writers Defining Capitalism and Socialism | |
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| The Emergence of Capitalistic Thought | |
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| The Evolution of Austrian Thought | |
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| The Development of Socialist Economic Thought | |
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| The Debate Concerning Economic Systems | |
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| Modern Economics and Its Critics | |
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| The State of Modern Economics | |
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| The Structure of Part Four | |
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| The Development of Modern Microeconomic Theory | |
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| Important Writers | |
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| The Movement Away from Marshallian Economics | |
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| The Formalist Revolution in Microeconomics | |
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| Milton Firedman and the Chicago Approach to Microeconomics Problems with Modern Applied Economics | |
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| A Comparison of Neoclassical and Modern Microeconomics | |
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| The Development of Modern Macroeconomic Thought | |
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| Important Writers Historical Forerunners of Modern Macroeconomics | |
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| Keynesian Macroeconomics | |
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| Modern Macroeconomics | |
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| The Development of Econometrics and Empirical Methods in Economics | |
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| Important Writers | |
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| Empirical Economics | |
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| Neoclassical Economics and Empirical Analysis | |
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| Macroeconomics and Empirical Analysis | |
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| The Rise of Econometrics | |
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| The Fall from Scientific Grace of Macroeconomics | |
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| Bayesian Econometrics | |
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| Experimental Economists | |
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| The Development of Modern Heterodox Economic Thought | |
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| Important Writers Radicals Modern Institutionalists, Quasi-Institutionalists, and Neoinstitutionalists | |
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| Quasi-Institutionalists | |
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| Neoinstitutionalists | |
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| Post-Keynesians Public Choice Advocates | |
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| Austrian Economics Other Heterodox Economic Groups | |