Description : This book, now in its third edition, provides an elementary introduction to the history of economic thought. A chapter is devoted to each of the major developments in the history of the discipline, before a concluding chapter in which the authors draw together some of the key strands and comment on some major works and textbooks in the history of economic ideas. They also reflect on the changes in economic thinking within the general context of the philosophy of science. This new edition continues to offer the clear and concise coverage of the main schools of thought and paradigm shifts in the field that has become the volume’s trademark. The book has been thoroughly updated throughout in order to reflect changes in the landscape of the field. Details on key thinkers, and aspects of the story such as the evolution of scholarship on growth and development, have been added or expanded, whilst not compromising on the book’s concise approach. Key updates include: Biographical- and bibliographical information is brought up to date throughout the text North American economists John Kenneth Galbraith and Kenneth Ewart Boulding make their first appearance in this edition Information on developments in institutional economics, addressing in particular the works of 2009 Nobel prize winner Elinor Ostrom). This book has become well known for its innovative coverage of the economic thinking of mainland Europe, whilst also addressing Anglo-American trends. It provides a short and highly readable overview of the evolution of economic thought, usable in courses where the history of economic thought constitutes only a small part or required background reading. It continues to be an extremely useful, much needed text for all introductory economics courses in the field.
Description : The present book is a fascinating account of the living ideas of dead economists. As the past is given to interact with the present, the old ideas of great economists remain essentially a living subject in the economic universe of discourse. The book outlines the major contributions and ideas of almost all important economists from all recognised schools, in a precise manner. Many of these ideas are found to be useful for the analysis of various economic problems. B.N. Ghosh, PhD (India), M.CIM (UK), GFCR (Harvard), is currently a Professor of Economics, Eastern Mediterranean University, North Cyprus. A specialist in Human resource Development and Political Economy, he has published extensively in refereed journals. His books are published, among others, by Arnold Heinemann, Longman, Macmillan, Routledge, Nova Science Publications of New York, Ashgate Publishing and Wisdom House of England. He has undertaken short-term consultancies for various organizations including the University Grants Commission and the United Nations Development Programme. Professor Ghosh is the Director (Hon.) of the Centre for the Study of Human Development in Leeds (England), and the Editor of International Journal of Human Development, Leeds (England). Professor Ghosh's research has ranged over a number of areas including political economy, human resource development, economics, sociology, and anthropology. Some of his recent publications include: Global Financial Crises and Reforms (ed.), (Routledge, London and New York, 2001); Privatisation: The ASEAN Connection (Nova Science Publications, New York, 2000); Gandhian Political Economy (Ashgate Publishing, London, 2006); Contemporary Issues in Development Economics (Routledge, London and New York); Economic Theories: Past and Present (Wisdom House, England, 2001); Contemporary Issues in Modern Macroeconomic Management ((Wisdom House, England, 2005) and Globalization and the Third World (co-ed.), (Macmillan, London and New York. 2006). Professor Ghosh is the recipient of the Emerald Award (UK) for 2005.
Description : The books reprinted in this set greatly influenced the way the development of economics was perceived and how the history of economics was viewed. Many of the titles represent the first attempts to chart the history of economics both from European and American perspectives. Titles cover the USA, UK, Germany and France, and include: * History of Political Economy from Antiquity to our days -"Jerome Adolphe Blanqui" * View of the Progress of Political Economy in Europe --"Travers Twiss" * A Short History of Political Economy in England -"L.L. Price" * The History of Economics [1896/1911]-"Henry Dunning MacLeod" * History of Economic Thought [1911/1930]-"Lewis H. Haney" * History of Economic Doctrines -"Charles Gide"and "Charles Rist" * Types of Economic Theory -"Othmar Spann" * Philosophy and Political Economy in Some of their Historical Relations -"James Bonar" * The Development of English Thought: a Study in the Economic Interpretation of History -"Simon N. Patten" * A Guide to the Study of Political Economy -"Luigi Cossa"
Description : This volume comprises twelve papers written by Chinese scholars on various aspects of the history of ancient Chinese economic thought. The contributions are preceded by an introduction which gives an overview of the development of the subject of history of economic thought in China, and which also provides an historical context to the individuals who constitute the major "schools" of ancient Chinese economic thought. The authors of the papers are leading scholars who have dominated this research area since the founding of New China in 1949, while the broad range of topics covered by the contributions includes questions of methodology, detailed and sometimes controversial interpretations of texts and "schools", and the international influence and modern relevance of ancient Chinese thought. A recurrent theme is that ancient Chinese thought has at least as much to offer to the historian as ancient Western thought. As the first such volume of papers to be translated into English, this collection provides a unique opportunity for non-Chinese readers to sample the way in which Chinese historians of economics have attempted to understand their own intellectual heritage. This book will be relevant to scholars interested in the history of economic thought, economic history and Chinese studies.
Description : This reader in the history of economic thought challenges the assumption that today’s prevailing economic theories are always the most appropriate ones. As Leland Yeager has pointed out, unlike the scientists of the natural sciences, economists provide their ideas largely to politicians and political appointees who have rather different incentives that might prevent them from choosing the best economic theory. In this book, the life and work of each of the founders of economics is examined by the best available expert on that founding figure. These contributors present rather novel and certainly not mainstream interpretations of the founders of modern economics. The primary theme concerns the development of economic thought as this emerged in the various continental traditions including the Islamic tradition. These continental traditions differed substantially, both substantively and methodologically, from the Anglo-Saxon orientation that has been dominant in the last century for example in the study of public finance or the very construct of the state itself. This books maps the various channels of continental economics, particularly from the late-18th through the early-20th centuries, explaining and demonstrating the underlying unity amid the surface diversity. In particular, the book emphasizes the writings of John Stuart Mill, his predecessor David Ricardo and his follower Jeremy Bentham; the theory of Marginalism by von Thünen, Cournot, and Gossen; the legacy of Karl Marx; the innovations in developmental economics by Friedrich List; the economic and monetary contributions and “struggle of escape” by John Maynard Keynes; the formidable theory in public finance and economics by Joseph Schumpeter; a reinterpretation of Alfred Marshall; Léon Walras, Heinrich von Stackelberg, Knut Wicksell, Werner Sombart, and Friedrich August von Hayek are each dealt with in their own right.
Description : This book provides a comprehensive overview of the development of economics from its beginnings, at the end of the Middle Ages, up to contemporary developments. It is strong on contemporary theory, providing extensive coverage of the twentieth century, particularly since the Second World War. The second edition has been revised and updated to take account of new developments in economic thought.
Description : Study of the grand ideas in economics has a perpetual intellectual fascination in it’s own right. It can also have practical relevance, as the global economic downturn that began in 2007 reminds us. For several decades, the economics establishment had been dismissive of Keynesianism, arguing that the world had moved beyond the “depression economics” with which it dealt. Keynesian economics, however, has now staged a comeback as governments attempt to formulate policy responses to the Great Recession of the first decade of the twenty-first century. Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today—and we can always learn from their mistakes. In his stimulating analysis Professor Barber assesses the thought of a number of important economists both in terms of the issues of their day and in relation to modern economic thought. By concentrating on the greatest exponents he highlights the central properties of the four main schools of economic thought – classical, Marxian, neo-classical, and Keynesian – and shows that although each of these traditions is rooted in a different stage of economic development, they can all provide insights into the recurring problems of modern economics.
Description : From the ancients to the moderns, questions of economic theory and policy have been an important part of intellectual and public debate, engaging the attention of some of history’s greatest minds. This book brings together readings from more than two thousand years of writings on economic subjects. Through these selections, the reader can see first-hand how the great minds of past grappled with some of the central social and economic issues of their times and, in the process, enhanced our understanding of how economic systems function. This collection of readings covers the major themes that have preoccupied economic thinkers throughout the ages, including price determination and the underpinnings of the market system, monetary theory and policy, international trade and finance, income distribution, and the appropriate role for government within the economic system. These ideas unfold, develop, and change course over time at the hands of scholars such as Aristotle, St. Thomas Aquinas, John Locke, François Quesnay, David Hume, Adam Smith, Thomas Robert Malthus, David Ricardo, John Stuart Mill, Karl Marx, William Stanley Jevons, Alfred Marshall, Irving Fisher, Thorstein Veblen, John Maynard Keynes, Milton Friedman, and Paul Samuelson. Each reading has been selected with a view to both enlightening the reader as to the major contributions of the author in question and to giving the reader a broad view of the development of economic thought and analysis over time. This book will be useful for students, scholars, and lay people with an interest in the history of economic thought and the history of ideas generally.