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Competing Schools of Economic Thought

Author : Lefteris Tsoulfidis
Publisher : Springer Science & Business Media
ISBN 13 : 3540926933
Total Pages : 389 pages
Book Rating : 4.5/5 (49 download)

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Book Synopsis Competing Schools of Economic Thought by : Lefteris Tsoulfidis

Download or read book Competing Schools of Economic Thought written by Lefteris Tsoulfidis and published by Springer Science & Business Media. This book was released on 2010-06-29 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.

Seven Schools of Macroeconomic Thought

Author : Edmund S. Phelps
Publisher : Clarendon Press
ISBN 13 : 0191521280
Total Pages : 124 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Seven Schools of Macroeconomic Thought by : Edmund S. Phelps

Download or read book Seven Schools of Macroeconomic Thought written by Edmund S. Phelps and published by Clarendon Press. This book was released on 1990-05-17 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an excellent survey of various macroeconomic topics which feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of modern macroeconomic approaches by a scholar whose own contribution to the field is considerable. In each of his seven chapters, the author reviews one school of economic thought. These are: the Keynesian school of macroeconomics; the monetarist school; the New Classical school; the New-Keynesian school; supply side macroeconomics, and `non-monetary' models of macroeconomics - the real business cycle theory and the `structuralist school' which views changes in unemployment as the outcome of shifts in the structural characteristics of the economy. The book is the text of the first series of Ryde Lectures, established by Lund University in Sweden.

The Origins of Development Economics

Author : Jomo Kwame Sundaram
Publisher : Zed Books
ISBN 13 : 9781842776476
Total Pages : 196 pages
Book Rating : 4.7/5 (764 download)

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Book Synopsis The Origins of Development Economics by : Jomo Kwame Sundaram

Download or read book The Origins of Development Economics written by Jomo Kwame Sundaram and published by Zed Books. This book was released on 2005-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: A history of the emergence of development economics as a distinct sub-discipline.

The German Historical School and European Economic Thought

Author : José Luís Cardoso
Publisher : Routledge
ISBN 13 : 1317378792
Total Pages : 300 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis The German Historical School and European Economic Thought by : José Luís Cardoso

Download or read book The German Historical School and European Economic Thought written by José Luís Cardoso and published by Routledge. This book was released on 2015-10-30 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis of 2008 has revived interest in economic scholarship from a historical perspective. The most in depth studies of the relationship between economics and history can be found in the work of the so-called German Historical School (GHS). The influence of the GHS in the USA and Britain has been well documented, but far less has been written on the rest of Europe. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the School’s ideas spread and was interpreted in different European countries between 1850 and 1930, analysing its legacies in these countries. In doing so, the book is able to trace the interconnection between economic thought and economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge. This book identifies issues related to topics such as nationalism and cosmopolitanism in the history of ideas and clarifies themes in policy making that are still currently debated. These include monetary policy and benefits of free trade for all parties involved in international exchanges. This book will be of a great interest to those who study history of economic thought, economic theory and political economy.

The Role of Government in the History of Economic Thought

Author : Steven G. Medema
Publisher :
ISBN 13 :
Total Pages : 474 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Role of Government in the History of Economic Thought by : Steven G. Medema

Download or read book The Role of Government in the History of Economic Thought written by Steven G. Medema and published by . This book was released on 2005 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Evolution of Economic Thought

Author : Stanley L. Brue
Publisher : Thomson South-Western
ISBN 13 : 9781133434900
Total Pages : 580 pages
Book Rating : 4.4/5 (349 download)

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Book Synopsis The Evolution of Economic Thought by : Stanley L. Brue

Download or read book The Evolution of Economic Thought written by Stanley L. Brue and published by Thomson South-Western. This book was released on 2013 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook presents the history of economics and the philosophies that drive the economic way of thinking. It explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow.

Beyond Neoclassical Economics

Author : Fred E. Foldvary
Publisher : Edward Elgar Publishing
ISBN 13 : 9781858983950
Total Pages : 902 pages
Book Rating : 4.9/5 (839 download)

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Book Synopsis Beyond Neoclassical Economics by : Fred E. Foldvary

Download or read book Beyond Neoclassical Economics written by Fred E. Foldvary and published by Edward Elgar Publishing. This book was released on 1996 with total page 902 pages. Available in PDF, EPUB and Kindle. Book excerpt: This introduction to the main heterodox schools of economic thought examines their main concepts and their critiques of mainstream theory. The schools examined include Austrian economics, geo-economics, the Virginia school of political economy, feminist economics, humanist economics, institutional economics, and nondeterminist Marxism. The aim of these essays is to understand the ideas and methodology of these approaches, and also to explain why there are different approaches to economics, and how the various schools relate to each other.

Reinterpreting Mr. Keynes

Author : Warren Young
Publisher : Springer Nature
ISBN 13 : 3030913422
Total Pages : 168 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Reinterpreting Mr. Keynes by : Warren Young

Download or read book Reinterpreting Mr. Keynes written by Warren Young and published by Springer Nature. This book was released on 2022-01-19 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession’s understanding of the origins of the IS-LM model and modern macroeconomics.

History of Economic Thought

Author : E. K. Hunt
Publisher : Routledge
ISBN 13 : 1317468597
Total Pages : 604 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis History of Economic Thought by : E. K. Hunt

Download or read book History of Economic Thought written by E. K. Hunt and published by Routledge. This book was released on 2015-01-28 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of this classroom classic retains the organizing theme of the original text, presenting the development of thought within the context of economic history. Economic ideas are framed in terms of the spheres of production and circulation, with a critical analysis of how past theorists presented their ideas.

A History of Economic Thought

Author : William J. Barber
Publisher : Wesleyan University Press
ISBN 13 : 0819569976
Total Pages : 266 pages
Book Rating : 4.8/5 (195 download)

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Book Synopsis A History of Economic Thought by : William J. Barber

Download or read book A History of Economic Thought written by William J. Barber and published by Wesleyan University Press. This book was released on 2010-06-01 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Contending Economic Theories

Author : Richard D. Wolff
Publisher : MIT Press
ISBN 13 : 0262517833
Total Pages : 425 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Contending Economic Theories by : Richard D. Wolff

Download or read book Contending Economic Theories written by Richard D. Wolff and published by MIT Press. This book was released on 2012-09-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

A Short History of Economic Thought

Author : Bo Sandelin
Publisher : Routledge
ISBN 13 : 131767376X
Total Pages : 129 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis A Short History of Economic Thought by : Bo Sandelin

Download or read book A Short History of Economic Thought written by Bo Sandelin and published by Routledge. This book was released on 2014-08-08 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The History of Economic Thought: A Reader

Author : Steven G Medema
Publisher : Routledge
ISBN 13 : 1134627033
Total Pages : 674 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis The History of Economic Thought: A Reader by : Steven G Medema

Download or read book The History of Economic Thought: A Reader written by Steven G Medema and published by Routledge. This book was released on 2004-02-24 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new reader in the history of economic thought is edited by two of the most respected figures in the field. With clearly written summaries putting each selection into context, this book will be of great use to students and lecturers of the history of economic thought as it goes beyond the simple reprinting of articles. Selections and discussions include such thinkers as Aristotle, John Locke, François Quesnay, David Hume, Jean-Baptiste Say, Karl Marx, William Stanley Jevons, Irving Fisher and Thorstein Veblen. The History of Economic Thought: A Reader can be used as a core textbook or as a supplementary text on courses in economic thought and philosophy, and will provide readers with a good foundation in the different schools of thought that run through economics.

A Companion to the History of Economic Thought

Author : Warren J. Samuels
Publisher : John Wiley & Sons
ISBN 13 : 1405128968
Total Pages : 736 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis A Companion to the History of Economic Thought by : Warren J. Samuels

Download or read book A Companion to the History of Economic Thought written by Warren J. Samuels and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assembling contributions from top thinkers in the field, thiscompanion offers a comprehensive and sophisticated exploration ofthe history of economic thought. The volume has a threefold focus:the history of economic thought, the history of economics as adiscipline, and the historiography of economic thought. Provides sophisticated introductions to a vast array oftopics. Focuses on a unique range of topics, including the history ofeconomic thought, the history of the discipline of economics, andthe historiography of economic thought.

A History of Italian Economic Thought

Author : Riccardo Faucci
Publisher : Routledge
ISBN 13 : 1317704177
Total Pages : 279 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis A History of Italian Economic Thought by : Riccardo Faucci

Download or read book A History of Italian Economic Thought written by Riccardo Faucci and published by Routledge. This book was released on 2014-04-03 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the non-Italian scholar with an extensive picture of the development of Italian economics, from the Sixteenth century to the present. The thread of the narrative is the dialectics between economic theory and political action, where the former attempts to enlighten the latter, but at the same time receives from politics the main stimulus to enlarge its field of reflection. This is particularly clear during the Enlightenment. Inside, this book insists on stressing that Galiani, Verri, and Beccaria were economists quite sensitive to practical issues, but who also were willing to attain generally valid conclusions. In this sense, "pure economics" was never performed in Italy. Even Pareto used economics (and sociology) in order to interpret and possibly steer the course of political action. Within this book it illustrates the Restoration period (1815-48). There was a slowdown of the economists' engagement, due to an adverse political situation, that prompted the economists to prefer less dangerous subjects, such as the relationship between economics, morals, and law (the main interpreter of this attitude was Romagnosi). After 1848, however, in parallel with the Risorgimento cultural climate, a new vision of the economists' task was eventually manifested. Between economics and political Liberalism a sort of alliance was established, whose prophet was F. Ferrara. While the Historical school of economics of German origin played a minor role, Pure Economics (1890-1940 approx.) had a considerable success, as regards both economic equilibrium and the theory of public finance. Consequently, the introduction of Keynes's ideas was rather troubled. Instead, Hayek had an immediate success. This book concludes with a chapter devoted to the intense relationships between economic theories, economic programmes and political action after 1945. Here, the Sraffa debate played an important role in stimulating Italian economists to a reflection on the patterns of Italian economy and the possibilities of transforming Italy's economic and social structure.

A Brief History of Economics

Author : E Ray Canterbery
Publisher : World Scientific Publishing Company
ISBN 13 : 981310547X
Total Pages : 500 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis A Brief History of Economics by : E Ray Canterbery

Download or read book A Brief History of Economics written by E Ray Canterbery and published by World Scientific Publishing Company. This book was released on 2001-06-11 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blending past and present, this brief history of economics is the perfect book for introducing students to the field. A Brief History of Economics illustrates how the ideas of the great economists not only influenced societies but were themselves shaped by their cultural milieu. Understanding the economists' visions — lucidly and vividly unveiled by Canterbery — allows readers to place economics within a broader community of ideas. Magically, the author links Adam Smith to Isaac Newton's idea of an orderly universe, F Scott Fitzgerald's The Great Gatsby to Thorstein Veblen, John Steinbeck's Grapes of Wrath to the Great Depression, and Tom Wolfe's The Bonfire of the Vanities to Reaganomics. Often humorous, Canterbery's easy style will make the student's first foray into economics lively and relevant. Readers will dismiss “dismal” from the science.

Patentism Replacing Capitalism

Author : Samuel Meng
Publisher : Springer
ISBN 13 : 3030122476
Total Pages : 630 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Patentism Replacing Capitalism by : Samuel Meng

Download or read book Patentism Replacing Capitalism written by Samuel Meng and published by Springer. This book was released on 2019-05-03 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on economic knowledge and logical reasoning, this book proposes a solution to economic recessions and offers a route for societal change to end capitalism. The author starts with a brief review of the history of economics, and then questions and rejects the trend of recent decades that has seen econometrics replace economic theory. By reviewing the different schools of economic thought and by examining the limitations of existing theories to business cycles and economic growth, the author forms a new theory to explain cyclic economic growth. According to this theory, economic recessions result from innovation scarcity, which in turn results from the flawed design of the patent system. The author suggests a new design for the patent system and envisions that the new design would bring about large economic and societal changes. Under this new patent system, the synergy of the patent and capital markets would ensure that economic recessions could be avoided and that the economy would grow at the highest speed.