An Outline of the History of Economic ThoughtOxford University Press, 2005 - 559 頁 Provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter and modern theories as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between the "pure" historians of thought, who dedicate themselves exclusively to studying "facts", and the "pure" theorists, who are interested only in the evolution of the logical structure of theories. An unconventionally large amount of space is reserved for the thought of the last 50 years of the twentieth century, for more than 50% of scientific knowledge has been produced in this time span. The book is not directed to a specialist public nor solely to a student audience. It aims to reach the educated person who has an interest in understanding the context in which economic ideas were formed.The second edition contains several changes and additions. Among them: a look at the "civil economy" perspective in Humanism and Renaissance; an interpretation of Adam Smith as an institutionalist; a hint at the social ontology of Karl Marx; a new treatment of post-Keynesian and new Keynesian approaches; a final chapter on contemporary institutionalist thought in the light of globalization and postmodernism. |
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aggregate aggregate demand allocation analysis approach argument Austrian School basic behaviour capital capitalist choice classical competitive equilibrium concept considered consumer consumption contribution costs criticism curve cycle decreasing demand depends determined developed dynamic economic agents economic science economic theory economic thought efficiency employment entrepreneurs exchange fact factors firms formulated function fundamental game theory growth hypothesis idea important increase individual industrial institutionalist interest rate investments Jevons Journal of Economics Keynes Keynesian labour macroeconomic marginal utility marginalist Marx Marxist mercantilist monetarist monetary money supply natural Pareto perfect competition period Phillips curve philosophy physiocratic Political Economy possible post-Keynesian principle problem put forward quantity rate of profit rational revolution Ricardian Ricardo role Say’s Law Schumpeter sector Smith social socialist Sraffa structure surplus theoretical system theory of value traditional utilitarian utility Walras Walrasian Walrasian equilibrium wealth welfare economics workers