History of Economic Thought

by Landreth, Harry H.; Colander, David C.

• ISBN13: 9780618133949
• ISBN10: 0618133941
• Edition: 4th
• Format: Hardcover
• Copyright: 2001-10-18
• Publisher: Cengage Learning

Summary

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.

Table of Contents

Note: Each chapter includes a Summary, Key Terms, Questions for Review and Discussion, and Suggested Readings

Introduction The Central Focus of Modern Economic Thought

Our Approach to the History of Economic Thought

The Role of Heterodox Economists

The Problems of Presenting Diversity

Methodological Issues

Benefits to Be Gained from the Study of the History of Economic Thought

Appendix for Chapter 1 The Profession of Economics and Its Methodology T

he Spread of Economic Ideas

The Evolution of Methodological Thought

Preclassical Economics

Early Preclassical Economic Thought

Important Writers Some Broad Generalizations

Non-Western Economic Thought

Greek Thought

Arab-Islamic Thought

Scholasticism

Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought

Important Writers Mercantilism Influential

Precursors of Classical Thought

Physiocracy Spanish Economic Thought

Classical Economic Thought, and Its Critics Important Writers

Adam Smith The Breadth of Adam Smith Smith's Analysis of Markets and Policy Conclusions

The Nature and Causes of the Wealth of Nations

International Trade Value Theory

Distribution Theory

Welfare and the General Level of Prices

Ricardo and Malthus David Ricardo--A Theorist's Theorist

The Malthusian Population Doctrine Ricardo: Method, Policy, Scope Ricardo's Model Ricardo's Theory of Land Rent Ricardo's Value Theory

Ricardian Distribution Theory

Comparative Advantage

Stability and Growth in a Capitalistic Economy

J.S. Mill and the Decline of Classical Economics

Post-Ricardian Developments J.S. Mill: The Background of His Thought Millian Economics

Karl Marx and His Critique of Classical Economics

An Overview of Marx Marx's Economic Theories Marx's Analysis of Capitalism

Neoclassical Economic Thought and Its Critics

Jevons, Menger, and The Foundations of Marginal Analysis

Important Writers Historical Links Jevons, Menger, and Walras

Second-Generation Austrians

The Transition to Neoclassical Economics: Marginal Analysis Extended

Important Writers Marginal Analysis Extended: The Second Generation

Marginal Productivity Theory

Profits and Interest

Alfred Marshall and Neoclassical Economics

Marshall's Claim to Being the Father of Neoclassicism

Walras and General Equilibrium Theory

Walras's General Equilibrium System Vilfredo Pareto

Institutional and Historical Critics of Neoclassical Economics

Important Writers Methodological Controversy Thorstein Veblen Wesley Clair Mitchell John R. Commons John A. Hobson

Austrian Critique of Neoclassical Economics and the Debate about Socialism and Capitalism

Important Writers Defining Capitalism and Socialism

The Emergence of Capitalistic Thought

The Evolution of Austrian Thought

The Development of Socialist Economic Thought

The Debate Concerning Economic Systems

Modern Economics and Its Critics

The State of Modern Economics

The Structure of Part Four

The Development of Modern Microeconomic Theory

Important Writers

The Movement Away from Marshallian Economics

The Formalist Revolution in Microeconomics

Milton Firedman and the Chicago Approach to Microeconomics Problems with Modern Applied Economics

A Comparison of Neoclassical and Modern Microeconomics

The Development of Modern Macroeconomic Thought

Important Writers Historical Forerunners of Modern Macroeconomics

Keynesian Macroeconomics

Modern Macroeconomics

The Development of Econometrics and Empirical Methods in Economics

Important Writers

Empirical Economics

Neoclassical Economics and Empirical Analysis

Macroeconomics and Empirical Analysis

The Rise of Econometrics

The Fall from Scientific Grace of Macroeconomics

Bayesian Econometrics

Experimental Economists

The Development of Modern Heterodox Economic Thought

Important Writers Radicals Modern Institutionalists, Quasi-Institutionalists, and Neoinstitutionalists

Quasi-Institutionalists

Neoinstitutionalists

Post-Keynesians Public Choice Advocates

Austrian Economics Other Heterodox Economic Groups

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