In a new and updated edition of this classic textbook, Henry William Spiegel brings his discussion and analysis of economic thought into the 1990s. A new introductory chapter offering an overall view of the history of economics and a bibliographic survey of the economic literature of the 1980s and early 1990s have been added. Maintaining the link between economics and the humanities, Spiegel’s text will continue to introduce students to a wide range of topics in the history of economic thought. From reviews of previous editions: “The history of economic thought to end all histories of economic thought.”—Robert D. Patton, Journal of Economic Literature “The book is in the grand tradition of the history of doctrines. It is a history of economic thought broadly conceived—and superbly written to boot. It is not to much to say that Spiegel’s book will become and remain a leading text in the field.”—Warren J. Samuels, Social Science The author conveys the essence of an idea simply and clearly, yet in a graceful style.”—William F. Kennedy, Journal of Economic Literature
This book describes the history of economic thought, focusing on the development of economic theory from Adam Smith's 'Wealth of Nations' to the late twentieth century. The text concentrates on the most important figures in the history of the economics. The book examines how important economists have reflected on the sometimes conflicting goals of efficient resource use and socially acceptable income distribution.--[book cover].
An upper-level text, History of Economic Thought continues to offer a lively, accessible discussion of ideas that have shaped modern economics. The Fourth Edition has been thoroughly revised to reflect recent scholarship and research, as well as a more pointed focus on modern economic thought. The text remains a highly understandable and opinionated—but fair—presentation of the history of economic thought.
Offering an in-depth coverage of economic ideas from ancient times to the present, this outstanding text delivers today's student powerful insight into the broad scope of past intellectual contributions to the evolution of contemporary economic thinking. Notably shying from a mind-numbing encyclopedic listing of isolated people and dusty ideas, the authors provide engaging discourse of both the ideas which have shaped contemporary economic theory and the different methods used for problem solving. The result is a wonderfully sound and inviting history.
This book investigates the tensions between subjectivism and objectivism in the history of economics. The book looks at the works of Adam Smith, Carl Menger, Leon Walras, William Stanley Jevons, Oskar Morgenstern, Ludwig Mises, Piero Sraffa, and so on. The book highlights the diverse subjective and objective elements of their economic theories and suggests a reframing of methodology to better address the core problems of the theories. Contributors of the volume are leading members of the Japan Society of History of Economic Thought who have provided a comprehensive overview on the economics methodology and the related problems. Hence, this book will be of an invaluable asset to not only those who are interested in the history of economic thought, but also to scholars who are concerned with the methodological problems of economic science.
The evolution of economic thought can be traced back from its beginnings in classical antiquity up to the present day. In this book, Professor Alessandro Roncaglia offers a clear, concise and updated version of his award-winning The Wealth of Ideas, studying the development of economic thought through perspectives and debates on the economy and society over time. With chapters on prominent economic theorists, including William Petty, Karl Marx, and John Maynard Keynes, as well as on other important figures and key debates of each period, Roncaglia critically evaluates the foundations of the marginalist-neoclassical (scarcity-utility) approach in comparison to the Classical-Keynes approach. A comprehensive guide to the history of economic thought, this book will be of value not only to undergraduate and postgraduate students studying economic thought, but also to any readers desiring to study how economics has evolved up to the present day.
The Role of Government in the History of Economic Thought examines a controversial area of economic analysis: the appropriate role of government within the economic system. If the first two-thirds of the twentieth century were dominated by the active involvement of economists in government policymaking, blurring the lines between the spheres of economics and politics, then the last several decades have witnessed something of a reversion to the classical economics of Adam Smith and John Stuart Mill. This volume offers a comprehensive and integrated history of the evolution of the relationship between governments and economies, examining the British classical tradition, the American progressive movement, and corporatist ideology.