info@woodslane.com.au
Contact us on (02) 8445 2300
For all customer service and order enquiries

WOODSLANE

Popular Subjects

Woodslane Online Catalogues

9781498571609 Add to Cart

Development of Economic Thought

An Overview
Description
Table of
Contents
Google
Preview
This book provides an overview or an introduction to the development of economic thought from the time of the early Greek and Roman writers to the mid-20th century. It provides a basic, no frills account of how economic ideas which were first cited by the early philosophers were later refined by the writings of the medieval schoolmen and still later by the contributions of the mercantilists and physiocrats. All these ideas were collected and synthesized by Adam Smith in his Wealth of Nations which provided the basis for economics as a formal subject of inquiry. From Smith's magnum opus emerged the works of the classical economists, most notably, David Ricardo, Thomas Malthus, and John Stuart Mill. Their work was not left unchallenged by the Utopian Socialists, the Associationists, and other social reformers and most importantly by Karl Marx. Nevertheless, classical economics was not to be denied thanks to Alfred Marshall who succeeded in fusing the Austrians' concept of utility on the demand side with the classicists' cost of production on the supply side of the market to provide a new theory of value. He gave new life to the classicists with his Neo-Classicism, the basis for microeconomics, to be followed fifty years later by Keynes' General Theory of Employment, Interest and Money and the ushering in of macroeconomics.
Introduction Chapter 1: The Early Contributors to the Development of Economic Thought Chapter 2: The Mercantilists and the Physiocrats Chapter 3: Adam Smith and the Wealth of Nations Chapter 4: The Classicists Chapter 5: The Early Critics of Classical Economics Chapter 6: The Later Classicists Chapter 7: The Socialists and Karl Marx Chapter 8: The Marginalist School Chapter 9: The Outliers Chapter 10: The American Economists Chapter 11: Marshall and Keynes Conclusion Bibliography About the Author
Google Preview content