Description : This book provides a comprehensive introduction to the main schools of contemporary economic thought, presenting the current state of each school in its own terms, indicating its raison d'etre, why each school thinks as it does and the questions to which it is trying to find answers. There is an introductory chapter on the philosophy and methodology of economics and separate chapters on the Austrian, Neoclassical, Chicago, Keynesian, Post Keynesian, Institutionalist/Evolutionary and Radical/Marxian schools each written by an economist with specialist knowledge of the particular school. The book explains in straightforward terms the ideologies, methodological practices, issues, assumptions, evidence and conclusions in a positive and constructive way. It concludes that there can be no single, definitive approach to the study of economics and that the schools of thought should be seen as complementary to each other. Summaries of each school are provided to allow readers to establish the principal features of each school.
Description : This work provides a valuable review of the most important developments in economic theory and application over the last decade. Comprising twenty-seven specially commissioned overviews, the volume presents a comprehensive and student-friendly guide to contemporary economics. Previously published by Routledge as part of the Companion to Contemporary Economic Thought, these essays are made available here for the first time in a concise paperback edition. A Guide to Modern Economics will be a valuable guide to all those who wish to familiarize themselves with the most recent developments in the discipline.
Description : Assembling contributions from top thinkers in the field, thiscompanion offers a comprehensive and sophisticated exploration ofthe history of economic thought. The volume has a threefold focus:the history of economic thought, the history of economics as adiscipline, and the historiography of economic thought. Provides sophisticated introductions to a vast array oftopics. Focuses on a unique range of topics, including the history ofeconomic thought, the history of the discipline of economics, andthe historiography of economic thought.
Description : Since the beginning of the 21st century, there has been an unprecedented move towards ‘rethinking economics’. This book contributes to this worldwide discussion by providing readers at all levels with thoughtful contributions on a range of economic topics. The book includes chapters on rethinking fiscal and monetary policies, international trade, the role of the state, money, growth, the environment, development policies, energy, healthcare and more. Written by top experts in their respective fields, this book will be useful to students and faculty who want to not only rethink economics, but also to offer an alternative and coherent economic analysis to the orthodoxy.
Description : It is now almost a decade since central and east Europe saw the demise of the Soviet-style economic planning which accompanied more ot less authoritarian political rule by communist parties. The economic thought, based on Marxist philosophy, which formed theoretical underpinning of centrally planned socialist economies, was peculiar to the region, and was radically different from mainstream western thought. Written by leading east European scholars, this volume provides a comprehensive and authoritative resource: a wide-ranging overview of fifty years of economic thinking under communist rule in Europe and during the first phase of post-communist transformation. It also provides an analytical assessment of the impact of economic science on the reform and transition process. The book includes six country-specific studies, for Russia, Poland, Hungary, Czechoslovakia, Eastern Germany and Yugoslavi. Each one surveys the relevant literature and its interaction with the development of the socialist and post-socialist economic system in the period 1945-1996. The studies show that, despite Soviet dominance and the shared Marxist paradigm, development of economic thought was not uniform, a finding which supports the hypothesis formulated in the introductory chapter that differences in system critique and reform thinking can explain later differences in transformational performance. Laszalo Csaba, Budapest University of Economics, Hungary; Vladimir Gligorov, Vienna Institute for Comparative Economic Studies, Austria; Jiri Havel, Prague High School of Economic
Description : This is a history of economic thought from Adam Smith to John Maynard Keynes--but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.
Description : Economic Thought Since Keynes provides a concise overview of changing economic thought in the latter part of the twentieth century. Part 1 gives an analysis of topics including: * Keynes and the General Theory, * the triumph of interventionism, * the neoclassical synthesis, * the resurgence of liberalism. Part 11 gives a concise biography of the 150 most influential economists since Keynes. This invaluable book will be a useful reference tool for anyone teaching or studying economics.
Description : "If you read only one economics book this year, read this one.”—Larry Summers, Secretary of the Treasury for President Clinton, Director of the National Economic Council for President Obama The classic introduction to economic thought, now updated in time for the publication of New Ideas from Dead CEOs This entertaining and accessible introduction to the great economic thinkers throughout history—Adam Smith, John Stuart Mill, Karl Marx, John Maynard Keynes, and more—shows how their ideas still apply to our modern world. In this revised edition, renowned economist Todd Buchholz offers an insightful and informed perspective on key economic issues in the new millennium: increasing demand for energy, the rise of China, international trade, aging populations, health care, and the effects of global warming. New Ideas from Dead Economists is a fascinating guide to understanding both the evolution of economic theory and our complex contemporary economy. From the Trade Paperback edition.
Description : This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.
Description : Enlivened by interviews with leading macroeconomists, this is the first study of modern macroeconomics that does justice, not just to fiscalism, monetarism and rational expectations, but also to real business cycle theory, post Keynesianism and the Austrian theory of business cycles. If I were to teach macroeconomics again, this is the book I would assign to students. Mark Blaug, University of London and University of Buckingham, UK This book can be billed as an Intelligent Student s Guide to Modern Macroeconomics ; it is a far cry from the standard treatments in covering diverse schools even-handedly. . . . The evident object of the authors is to communicate ideas accurately and concisely, and in this they have succeeded brilliantly; the book teaches instead of proselytizing, which good students will surely appreciate. The Guide seems to me to be an ideal vehicle for launching students into the macroeconomic literature. The excellent interviews with leading scholars that accompany each of the main divisions of the Guide are most revealing and rewarding: a perfect antidote to the common beginner s delusion that great minds find it easy to agree. The book concludes with a lengthy (thoroughly up-to-date) bibliography in which titles recommended for student reading are marked with an asterisk; this bibliography would be a valuable addition even without the text and interviews. Taken as a whole, the Guide is a volume that every teacher and most students will want to have on their shelves. Robert W. Clower, University of South Carolina, US This book differs from other macroeconomic textbooks by being a work of wide-ranging scholarship and deep thinking. The authors do not just summarize various ideas that have appeared in the literature, but reflect upon them, so that the book has depth to it. It therefore goes well beyond the technical mechanics that dominate so many textbooks. Students who have a serious interest in economics and are willing to explore some of the numerous references given in the text should emerge with an excellent understanding of macroeconomics. Their teachers, too, are likely to learn something from it. Thomas Mayer, University of California, Davis, US This book does not aim to provide the final word on which alternative macroeconomic method is right and which is wrong. Rather it sets out clearly the logical foundations of alternative schools of macroeconomic thought. As such it is an excellent guide through the quicksands of modern macroeconomic debate. Each argument is given a balanced and technically clear treatment. Compared to other texts it sheds light where others confuse. The interviews with the leading proponents of the alternative schools of thought is a welcome bonus and one which students should find valuable. P.M. Jackson, University of Leicester, UK Suitable as a main text for an intermediate undergraduate macroeconomics course or as a supplement to a standard macroeconomics text. Journal of Economic Literature In short this book is hard to put down. Roger E. Backhouse, The Economic Journal Many macro texts have found structure in the existence of controversy, but few have turned so entirely on controversy as this book has. This stress on controversy is justified with an appealing rhetoric of diversity and richness. William Coleman, Economic Record . . . Snowdon, Vane and Wynarczyk is a major profit to students over all course levels out of three reasons: First the reader gets knowledge of the several macroeconomic ideas without concentrating on the mathematics, second he will be able to deepen specific points of the argumentation on the base of the extensive bibliography at the end of the book, and at last, one gets a lot of very personal insights from the several interviews at the end of each chapter. There prominent representatives of the different schools of thought are asked to the evolution of the theories in particular and the whole field of macroeconomics. Out of these