Evolution of Economic Thought

ISBN-10: 1111823685

ISBN-13: 9781111823689

Edition: 8th 2013

Authors: Stanley Brue, Randy Grant

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In this scholarly and timely presentation of the history of economic thought, you'll see how new ideas, evidence, problems and values can be used to reconsider basic disputes and major contributions of the past. THE EVOLUTION OF ECONOMIC THOUGHT, 8e covers the history of economics, the philosophies that drive the economic way of thinking, the ideas of the great economic thinkers and their logical connections to the world. You'll see how Robert Solow's pioneering model can be used to discuss recent renewed emphasis on growth theory and technological change and will explore antitrust perspectives and game theory.
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Book details

List price: $324.95
Edition: 8th
Copyright year: 2013
Publisher: Cengage South-Western
Publication date: 5/30/2012
Binding: Paperback
Pages: 600
Size: 7.50" wide x 9.25" long x 1.00" tall
Weight: 2.2
Language: English

Randy Grant did his undergraduate work at Pacific Lutheran University and received his Ph.D. from the University of Nebraska Lincoln. He is a professor and the department chair at Linfield College, where he has been honored as a recipient of the Edith Green Distinguished Professor Award and the Greek Letter Organizations Professor of the Year award. Professor Grant specializes in U.S. Economic History and Public Policy.

Introduction and Overview
A Time Scale of Economic Ideas
The Five Major Questions
The Value of Studying Economics and Its History
Appendix History of Economic Thought: Information Sources
The Mercantilist School
Overview of Mercantilism
Past as Prologue 2-1 Mercantilism and the Supply of Labor
Thomas Mun
Past as Prologue 2-2 Lingering Mercantilism
Gerard Malynes
Charles Davenant
Jean Baptiste Colbert
Sir William Petty
The Physiocratic School
Overview of the Physiocrats
Francois Quesnay
Anne Robert Jacques Turgot
Past as Prologue 3-1 Quesnay and the Circular Flow Diagram
The Classical School-Forerunners
Overview of the Classical School
Sir Dudley North
Richard Cantillon
David Hume
Past as Prologue 4-1 Hume and Cooperation
The Classical School-Adam Smith
Biographical Details
Important Influences
The Theory of Moral Sentiments
Wealth of Nations
The Economic Laws of a Competitive Economy
Past as Prologue 5-1 Adam Smith and Efficiency Wages
The Classical School-Thomas Robert Malthus
Historical and Intellectual Setting
Malthus's Population Theory
The Theory of Market Gluts
Past as Prologue 6-1 Malthus, Carlyle, and the Dismal Science
Assessment of Malthus's Contributions
Past as Prologue 6-2 Malthus, Sen, and Modern-Day Famine
The Classical School-David Ricardo
Biographical Details
The Currency Question
The Theory of Diminishing Returns and Rent
The Theory of Exchange Value and Relative Prices
The Distribution of Income
Past as Prologue 7-1 The Ricardian Equivalence Theorem
Policy Implications
Past as Prologue 7-2 Trade Theory Since Ricardo
Ricardo on Unemployment
The Classical School-Bentham, Say, Senior, and Mill
Jeremy Bentham
Past as Prologue 8-1 Aquinas, Bentham, and Fisher on Usury
Jean-Baptiste Say
Past as Prologue 8-2 Say and Rent Seeking
Nassau William Senior
John Stuart Mill
Past as Prologue 8-3 Mill, Taylor, and the Rights of Women
The Rise of Socialist Thought
Overview of Socialism
Henri Comte de Saint-Simon
Charles Fourier
Simonde de Sismondi
Robert Owen
Louis Blanc
Charles Kingsley
Marxian Socialism
Biographical Details and Intellectual Influences
Marx's Theory of History
The "Law of Motion" of Capitalist Society
The Law of Motion of Capitalism: A Summary
Assessment of Marx's Economics
Past as Prologue 10-1 The Collapse of Marxism
The German Historical School
Overview of the German Historical School
Friedrich List
Past as Prologue 11-1 List and Strategic Trade Theory
Wilhelm Roscher
Gustav Schmoller
Max Weber
A Postscript
The Marginalist School-Forerunners
Overview of the Marginalist School
Antoine Augustin Cournot
Past as Prologue 12-1 Extensions of Cournot�s Duopoly Theory
Jules Dupuit
Past as Prologue 12-2 Gossen: Utility and Belated Fame
Johann Heinrich von Th�nen
The Marginalist School-Jevons, Menger, von Wieser, and von B�hm-Bawerk
William Stanley Jevons
Past as Prologue 13-1 Jevons: Is Gambling Rational?
Carl Menger
Friedrich von Wieser
Eugen von B�hm-Bawerk
Past as Prologue 13-2 Franklin and Bastiat on Opportunity Cost
The Marginalist School-Edgeworth and Clark
Francis Y. Edgeworth
Past as Prologue 14-1 Jacob Viner's Cost Curves
John Bates Clark
Past as Prologue 14-2 Clark, Marginal Productivity, and Executive Salaries
The Neoclassical School-Alfred Marshall
Marshall's Life and Method
Utility and Demand
Past as Prologue 15-1 Behavioral Economics: Are We Rational?
Equilibrium Price and Quantity
Distribution of Income
Increasing and Decreasing Cost Industries
Past as Prologue 15-2 Why Do Firms Exist?
The Neoclassical School-Monetary Economics
John Gustav Knut Wicksell
Irving Fisher
Ralph George Hawtrey
Past as Prologue 16-1 Monetary Policy and the Great Recession
The Neoclassical School-The Departure from Pure Competition
Piero Srafra
Edward Hastings Chamberlin
Past as Prologue 17-1 Principals, Agents, and X-Inefficiency
Joan Robinson
Past as Prologue 17-2 Robinson, Monopsony, and Public Policy
Mathematical Economics
Types of Mathematical Economics
Past as Prologue 18-1 Advances in Econometrics
Leon Walras
Wassily Leontief
John von Neumann and Oskar Morgenstern
Past as Prologue 18-2 John Nash: Discovery, Despair, and the Nobel Prize
John R. Hicks
Linear Programming
The Institutionalist School
Overview of the Institutionalist School
Thorstein Bunde Veblen
Past as Prologue 19-1 Veblen Goods and Upsloping Demand Curves
Wesley Clair Mitchell
John Kenneth Galbraith
Past as Prologue 19-2 Douglass North and the New Institutionalism
Welfare Economics
Vilfredo Pareto
Arthur Cecil Pigou
Past as Prologue 20-1 Pigou and Coase on Externalities
Ludwig von Mises
Oscar Lange
Kenneth Arrow
James M. Buchanan
Amartya Sen
The Keynesian School-John Maynard Keynes
Overview of the Keynesian School
John Maynard Keynes
Past as Prologue 21 -1 Keynes and the Stockholm School
The Keynesian School-Developments since Keynes
Alvin H. Hansen
Past as Prologue 22-1 The Mundell-Fleming Contribution to IS-LM
Paul A. Samuelson
Past as Prologue 22-2 Abba Lerner and the "Keynesian Steering Wheel"
The Post-Keynesians
The New Keynesians
Past as Prologue 22-3 Competing Theories of the Great Recession
Theories of Economic Growth and Development
Sir Roy F. Harrod and Evsey Domar
Robert M. Solow
Joseph Alois Schumpeter
Past as Prologue 23-1 Schumpeter, Creative Destruction, and Antitrust Policy
Ragnar Nurkse
Past as Prologue 23-2 Yunus, Microcredit, and the Nobel Peace Prize
W. Arthur Lewis
Past as Prologue 23-3 The Todaro Criticisms of Lewis and Schultz
The Chicago School-The New Classicism
Overview of the Chicago School
Milton Friedman
Robert E. Lucas Jr.
Past as Prologue 24-1 From Stigler to "Lemons"
Gary S. Becker
Past as Prologue 24-2 Human Capital Formation? Or Screening and Signaling?
Concluding Thoughts
Past as Prologue 25-1 The Nobel Laureates in Economics
Name Index
Subject Index
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