Economics Evolving A History of Economic Thought
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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.
List price: $40.00
Copyright year: 2011
Publisher: Princeton University Press
Publication date: 1/17/2011
Size: 6.00" wide x 9.00" long x 1.25" tall
|A Science and Its History|
|Before 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: Lï¿½on 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|