Description : A History of Portuguese Economic Thought offers the first account in English of the development of economic thought in Portugal. The authors adopt a comparative approach to analyse how economic doctrine, theories and policies have been disseminated and assimilated by Portuguese economists in different periods. They assess the influence on Portuguese economic thought of major economists such as Adam Smith, Keynes and Hayek.
Description : The financial crisis of 2008 has revived interest in economic scholarship from a historical perspective. The most in depth studies of the relationship between economics and history can be found in the work of the so-called German Historical School (GHS). The influence of the GHS in the USA and Britain has been well documented, but far less has been written on the rest of Europe. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the School’s ideas spread and was interpreted in different European countries between 1850 and 1930, analysing its legacies in these countries. In doing so, the book is able to trace the interconnection between economic thought and economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge. This book identifies issues related to topics such as nationalism and cosmopolitanism in the history of ideas and clarifies themes in policy making that are still currently debated. These include monetary policy and benefits of free trade for all parties involved in international exchanges. This book will be of a great interest to those who study history of economic thought, economic theory and political economy.
Description : Marjorie Grice-Hutchinson's ground-breaking work has focused attention on the important contribution Spanish economic writers have made over the centuries. Yet much of her recent work has, until now, been inaccessible beyond the Spanish-speaking world. The book presents in one volume the most important papers - some of which are published in English for the first time - of Dr Grice-Hutchinson, whose mentor was the late Friedrich von Hayek. It presents a fuller explanation than has hitherto been available of her argument that a 'Salamancan School' in the 16th century pioneered a utility and scarcity approach in value theory that led naturally, if not logically, to a rich statement of the quantity theory of money well in advance of other writers such as Bodin. In addition, Grice-Hutchinson offers insights into the nature and character of the Spanish contribution over several centuries: from the preservation of Hellenistic Greek literature until Renaissance Europe was ready to digest it, to the peculiar brand of Spanish Mercantilism expressed in the 17th century.Economic Thought in Spain shows how the Spanish contribution can be integrated into the wider history of economic theory. This book will be welcomed not only by Austrian economists seeking precursors to Hayek in the 'Salamancan School', but also by all those interested in the history of economic and intellectual thought.
Description : It has become commonplace to consider economic thought as if it were almost entirely an Anglo-American affair, with only cursory references to economic thinking before Adam Smith. However, each of the civilizations that flourished in the Mediterranean basin long before the rise of the Atlantic economies left a rich legacy of thinking on economic affairs. This tradition is rooted in politics, ethics and religion: it was a more complete view than ours. The Mediterranean Tradition in Economic Thought surveys the development of this tradition over four millennia. It considers the economic context of the scriptures of the Mesopotamian civilizations, Pharaonic Egypt and the Biblical peoples and the contributions of the Greeks and Romans, and their influence on Islamic civilization and on the Medieval scholastics. The flowering of the school of Salamanca as recently as the seventeenth century demonstrates how long-lived the tradition was, and throughout, the author demonstrates how these ideas continue to survive and resurface, citing the renewed interest in the ethical dimension of economics, the revival of interest in the history of Islamic thought, and the re-emergence of Slavophile doctrines in contemporary Russia.
Description : The Mediterranean Tradition in Economic Thought surveys the legacy of thinking on economic affairs from the countries in the Mediterraean basin over four millenia. It considers the economic content of the scriptures of the Mesopotamian civilisations, Pharaonic Egypt and the Biblical peoples and the contributions of the Greeks and Romans, and their influence on Islamic civilisation and on the Medieval scholastics. The flowering of the school of Salamanca as recently as the seventeenth century demonstrates how long-lived the tradition was, and throughout Baeck demonstrates how these ideas continue to survive and resurface, citing the renewed interest in the ethical dimension of economics, the revival of interest in the history of Islamic thought, and the re-emergence of Slavophile doctrines in contemporary Russian.
Description : This overview of Australasian economic thought presents the first analysis of the Australian economic contribution for 25 years, and is the first to offer a panoramic sweeping account of New Zealand economic thought. Those two countries, both at the start of the twentieth century and at its end, excelled at innovative economic practices and harbouring unique economic institutions. A History of Australasian Economic Thought explains how Australian and New Zealand economists exerted influence on economic thought and contributed to the economic life of their respective countries in the twentieth century. Besides surveying theorists and innovators, this book also considers some of the key expositors and builders of the academic economics profession in both countries. The book covers key economic events including the Great Depression, the Second World War, the post-war boom and the great inflation that overtook it and, lastly, the economic reform programmes that both Australia and New Zealand undertook in the 1980s. Through the interplay of economic events and economic thought, this book shows how Australasian economists influenced, to differing degrees, economic policy in their respective countries. This book is of great importance to those who are interested in and study the history of economic thought, economic theory and philosophy, and philosophy of social science, as well as Australasian economics.
Description : This book provides the non-Italian scholar with an extensive picture of the development of Italian economics, from the Sixteenth century to the present. The thread of the narrative is the dialectics between economic theory and political action, where the former attempts to enlighten the latter, but at the same time receives from politics the main stimulus to enlarge its field of reflection. This is particularly clear during the Enlightenment. Inside, this book insists on stressing that Galiani, Verri, and Beccaria were economists quite sensitive to practical issues, but who also were willing to attain generally valid conclusions. In this sense, "pure economics" was never performed in Italy. Even Pareto used economics (and sociology) in order to interpret and possibly steer the course of political action. Within this book it illustrates the Restoration period (1815-48). There was a slowdown of the economists' engagement, due to an adverse political situation, that prompted the economists to prefer less dangerous subjects, such as the relationship between economics, morals, and law (the main interpreter of this attitude was Romagnosi). After 1848, however, in parallel with the Risorgimento cultural climate, a new vision of the economists' task was eventually manifested. Between economics and political Liberalism a sort of alliance was established, whose prophet was F. Ferrara. While the Historical school of economics of German origin played a minor role, Pure Economics (1890-1940 approx.) had a considerable success, as regards both economic equilibrium and the theory of public finance. Consequently, the introduction of Keynes's ideas was rather troubled. Instead, Hayek had an immediate success. This book concludes with a chapter devoted to the intense relationships between economic theories, economic programmes and political action after 1945. Here, the Sraffa debate played an important role in stimulating Italian economists to a reflection on the patterns of Italian economy and the possibilities of transforming Italy's economic and social structure.
Description : The Ottoman Empire (1299-1923) existed at the crossroads of the East and the West. Neither the history of Western Asia, nor that of Eastern Europe, can be fully understood without knowledge of the history of the Ottoman Empire. The question is often raised of whether or not economic thinking can exist in a non-capitalistic society. In the Ottoman Empire, like in all other pre-capitalistic cultures, the economic sphere was an integral part of social life, and elements of Ottoman economic thought can frequently be found in amongst political, social and religious ideas. Ottoman economic thinking cannot, therefore, be analyzed in isolation; analysis of economic thinking can reveal aspects of the entire world view of the Ottomans. Based on extensive archival work, this landmark volume examines Ottoman economic thinking in the classical period using three concepts: humorism, circle of justice and household economy. Basing the research upon the writings of the Ottoman elite and bureaucrats, this book explores Ottoman economic thinking starting from its own dynamics, avoiding the temptation to seek modern economic theories and approaches in the Ottoman milieu.
Description : This book looks at the distinctive features of the development of German economics & draws attention to its divergences from the Anglo-Saxon tradition. The book covers the period when economics became established as a systematically taught discipline in German universities. It concentrates on the textbooks in use at the time, both because they were a major means by which economic ideas were disseminated, & for their use in the teaching of state officials.
Description : This book provides an overview of 200 years of German economic thought from the eighteenth century to the Social Market.