Description : This history of 19th-century economic thought discusses the key members of each classical school and reassesses their work. The author suggests that Ricardism declined after 1830 and was only revived with the work of John Stuart Mill. The book also resurrects the important Anglo-Irish school of thought at Trinity College, Dublin under Archbishop Richard Whately. Later chapters focus on the roots of Karl Marx and the nature of his doctrines, and laissez-faire thought in France, including the work of Frederic Bastiat. Also included is a treatment of the Bullionist versus anti-Bullionist and the Currency versus Banking School controversies in the first half of the 19th century, and their influence outside Great Britain.
Description : The appearance of the famous (and massive) volumes of Rothbards. History of Economic Thought in a new edition is cause for great celebration. They have been out of print for many years, and were previously only available at a price exceeding $200 for the set. They are at last accessible again, in beautiful hardcover, and at an affordable price. In Economic Thought Before Adam Smith, Murray Rothbard traces economic ideas from ancient sources to show that laissez faire liberalism and economic thought itself began with the scholastic and early Roman, Greek, and canon law. He celebrates Aristotle and Democritus, for example, but loathes Plato and Diogenes. He is kind toward Taoism and Stoicism. He is no fan of Tertullian but very much likes St. Jerome, who defended the merchant class. Now, that takes us only to page 33, just the beginning of a wild ride through the middle ages and renaissance and modern times through 1870. Classical Economics offers new perspectives on both Ricardo and Say and their followers. The author suggests that Ricardianism declined after 1820 and was only revived with the work of John Stuart Mill. The book also resurrects the important Anglo Irish school of thought at Trinity College, Dublin under Archbishop Richard Whatley. Later chapters focus on the roots of Karl Marx and the nature of his doctrines, and laissez faire thought in France including the work of Frederic Bastiat. Also included is a comprehensive treatment of the bullionist versus the anti bullionist and the currency versus banking school controversies in the first half of the nineteenth century, and their influence outside Great Britain. These are indeed the books that Mises himself longed to see "A real history of economic thought," he said in 1955, "would have to point out the development of the doctrines and not merely list every book." When these volumes first appeared, they were celebrated in Barrons and by top scholars around the world. They succeeded in changing the way people think about economic doctrine the beginnings (not Adam Smith, but the Spanish theologians), the dead ends (Marx), the great triumphs (Bastiat, for example), and the truly great minds (Turgot and many others he rescued from near obscurity). Rothbard read deeply in thinkers dating back hundreds and thousands of years, and spotted every promising line of thought & mdash, and every unfortunate one. He knew when an idea would lead to prosperity, and when it would lead to calamity. He could spot a proto Keynesian or proto Marxist idea in the middle ages, just as he could find free market lines of thought in ancient manuscripts. Many scholars believe this was his most important work. The irony is that it is not the work it was supposed to be, and thank goodness. He was asked to do a short overview of the modern era. He ended up writing more than 1,000 pages of original ideas that remade the whole of intellectual history up through the late 19th century. Once Rothbard got into the project, he found that most all historians have made the same error they have believed that the history of thought was a long history of progress. He found that sound ideas ebb and flow in history. So he set out to rescue the great ideas from the past and compare them with the bad ideas of the "new economics." His demolition of Karl Marx is more complete and in depth than any other ever published. His reconstruction of 19th century banking debates has provided enough new ideas for a dozen dissertations, and contemporary real money reform. His surprising evisceration of John Stuart Mill is cause to rethink the whole history of classical liberalism. Most famously, Rothbard demonstrated that Adam Smiths economic theories were, in many ways, a comedown from his predecessors in France and Spain. For example, Smith puzzled over the source of value and finally tagged labor as the source (a mistake Marx built on). But for centuries prior, the earliest economists knew that value came from within the human mind. It was a human estimation, not an objective construct. Rothbard was a pioneer in incorporating the sociology of religion into the history of economic ideas. He saw that the advent of Christianity had a huge impact on the theory of the state. He observed the rise of absolutism and theory of nationalism that came with the reformation. He traced the changes in the Western view toward lending and interest payments over the course of a thousand years. The number of insights in these volumes are countless. Every page, every paragraph, bursts with intellectual energy and the authors fiery passion to tell the reader the remarkable story of economics. Many reviewers have remarked that Rothbards accomplishment seems super human. He seems to have read everything. His originality is overwhelming. His passion for liberty and integrity in science is evident. His disdain toward those who sell out to the state is manifest as well. Rothbard worked on these volumes in the ten years before his death. He also gave a series of lectures on his ongoing research. As a result, we all had very high expectations. But nothing could have prepared us for what eventually appeared. This set is a monument to Rothbards genius, a resource that will be valuable to intellectuals for generations, and a great read too.
Description : If you have an interest in things entrepreneurial and wonder if you have what it takes to be a successful entrepreneur, then this book is written for you. Authors Bill Bolton and John Thompson offer a unique focus, seeing everything through the eyes of the entrepreneur. This refreshed third edition is split into two fascinating parts. Part I builds an understanding of the entrepreneur as a person based on the key factors of talent and temperament - a unique framework for understanding and exploiting entrepreneurial opportunities. The process of starting and growing a business and the infrastructure and environment in which the entrepreneur has to operate, are described in detail. Part II tells the stories of famous entrepreneurs including classic figures such as Henry Ford, through to social entrepreneurs and even anti-social entrepreneurs such as Al Capone! This insightful, empirically based, original take on the entrepreneur, and thereby entrepreneurship, provides students with a new and challenging way into the subject.
Description : Impressive and authoritative, this essential book brings together a collection of essays in honour of Peter Groenewegen, one of the most distinguished historians of economic thought of a generation. His work on a wide range of economic theorists such as Adam Smith, François Quesnay and Alfred Marshall approaches a level of near insuperability.
Description : This book intends to renovate the view of social sciences in the German-speaking world. It explores the intellectual tension in the social science in Austria and Germany in the late-nineteenth and early-twentieth centuries. It deals with how the emergence of the new school (Austrian School) changed the focus of social science in the German speaking world, and how it prepared the introduction of an evolutionary perspective in economics, politics, and sociology. Based on (mostly hitherto unknown) primary evidence, this development is lively described in a series of encounters and decisions by each social scientists.
Description : The new and updated edition of Microeconomic Policy provides an excellent blend of theory and application to foster understanding of economic-based policy making. The book is eclectic in its approach and addresses a rich set of current applications. It is an ideal book for teaching microeconomic-based policy analysis to students. Todd Sandler, University of Texas at Dallas, US Designed for students who have already encountered the microeconomic principles, this valuable text focusses effectively on their policy implications, imbuing the apparently dry theory with its insights for the general welfare. William J. Baumol, New York University, US and Princeton University, US A distinctive feature of this book is the application of microeconomics to public policy. As to be expected given the international reputation of the authors there is a thorough treatment of global environmental policies, including the Stern Report, and a very useful chapter on issues of defence, conflict and terrorism. What this text offers, and most competing books do not is the breadth of coverage. In this revised edition we have integration into the topics of advances in behavioural, evolutionary and Austrian economics. The relevance to business management and government policy of the material presented makes the subject come alive in application. . . a refreshing change from the curve-shifting that dominates traditional microeconomic texts which turns-off so many of our students and prevents them from seeing the crucial importance of economics to almost every aspect of our well-being. John Lodewijks, University of Western Sydney, Australia This thoroughly accessible textbook shows students how microeconomic theory can be used and applied to major issues of public policy. In this way, it will improve their understanding of both microeconomic theory and policy and also develop their ability to critically assess them. Clem Tisdell and Keith Hartley have expanded upon their previous successful work on microeconomics. As a result, this new book is considerably updated with substantial chapter revisions, as well as new chapters dealing with business management, ownership, environmental issues, public choice, defence, conflict and terrorism. Promoting a thorough understanding of this complex yet fundamental topic, Microeconomic Policy: A New Perspective will undoubtedly prove an invaluable textbook for all students, academics and researchers of economics and public policy.