› › Economic Thought From Smith To Keynes

Adam Smith

Author : MICHAEL EMMETT BRADY

Publisher : Xlibris Corporation

Page : 190 pages

File Size : 15,77 MB

Release : 2015-07-21

Category : Business & Economics

ISBN : 1503587320

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Book Description

Adam Smiths original, path breaking work on decision making, uncertainty and public policies to minimize the impact of uncertainty in the economy has been overlooked for well over two hundred years. One need only peruse the badly analyzed work of Smith in this area as presented by Henry D MacLeod in his The Elements of Political Economy on pp.212-220 or Henry Sidgwicks The Principles of Political Economy on pp.359-361, as well as the misevaluations of Smiths contributions made by Jacob Viner in 1927, Joseph Schumpeter in 1954, Murray Rothbard in 1995, or Salim Rashid in 1998 to realize that Smiths important contributions were never recognized. The claim that Smith made no original contributions to economic theory or economics is simply false.



Economic Thought History

Author : Fouad Sabry

Publisher : One Billion Knowledgeable

Page : 487 pages

File Size : 11,76 MB

Release : 2024-02-12

Category : Business & Economics

ISBN :

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Book Description

What is Economic Thought History The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day in the 21st century. This field encompasses many disparate schools of economic thought. Ancient Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition, and questioned whether property is best left in private or public hands. In the Middle Ages, Thomas Aquinas argued that it was a moral obligation of businesses to sell goods at a just price. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: History of economic thought Chapter 2: Economics Chapter 3: Keynesian economics Chapter 4: Macroeconomics Chapter 5: Post-Keynesian economics Chapter 6: Nicholas Kaldor Chapter 7: John Hicks Chapter 8: Classical economics Chapter 9: The General Theory of Employment, Interest and Money Chapter 10: Say's law Chapter 11: Quantity theory of money Chapter 12: Knut Wicksell Chapter 13: Edmund Phelps Chapter 14: Schools of economic thought Chapter 15: Neoclassical synthesis Chapter 16: Ancient economic thought Chapter 17: Keynesian Revolution Chapter 18: History of macroeconomic thought Chapter 19: Perspectives on capitalism by school of thought Chapter 20: Chartalism Chapter 21: Marxian economics (II) Answering the public top questions about economic thought history. (III) Real world examples for the usage of economic thought history in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Thought History.





Evolution of Economic Ideas

Author : Vinay Bharat-Ram

Publisher : Oxford University Press

Page : 211 pages

File Size : 19,17 MB

Release : 2016-11-17

Category : Business & Economics

ISBN : 0199089795

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Book Description

The history of economic thought can be traced to the Industrial Revolution and the 19th-century Great Divergence until which it remained an integral part of philosophy. This book deals with different thinkers and theories to explore ideas that later became the foundation of modern economics. Through the lives and social circumstances of eminent economists from Adam Smith through Marx, Keynes and many others to Amartya Sen and beyond, it establishes that each one was a keen observer of the social conditions of his time. The book adopts a unique approach of not only bringing together the thoughts of such thinkers but also highlighting how they were often vehemently different from one another. Through a narrative inspired by a kind of Socratic dialogue based on the author’s classroom interactions with his students, it discusses the evolution of economic ideas, ending with a look at modern economics in the context of the great recession.



Economic Theory in Retrospect

Author : Mark Blaug

Publisher : Cambridge University Press

Page : 756 pages

File Size : 44,87 MB

Release : 1997-03-27

Category : Business & Economics

ISBN : 1107717345

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Book Description

This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is a history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics, namely the works of Smith, Ricardo, Mill, Marx, Marshall, Wickstead, Wicksell, Walras and Keynes, in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition, first published in 1997, adds new Reader's Guides to Walras's Elements of Pure Economics (1871–74) and Keynes' General Theory to the previous seven Reader's Guides of other great books in economics. There are significant and major additions to six chapters.



A History of Economic Thought

Author : William J. Barber

Publisher : Wesleyan University Press

Page : 266 pages

File Size : 38,73 MB

Release : 2010-06-01

Category : Business & Economics

ISBN : 0819569976

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Book Description

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.





Competing Schools of Economic Thought

Author : Lefteris Tsoulfidis

Publisher : Springer Science & Business Media

Page : 389 pages

File Size : 35,83 MB

Release : 2010-06-29

Category : Business & Economics

ISBN : 3540926933

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Book Description

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.



The Evolution of Economic Ideas

Author : Phyllis Deane

Publisher : Cambridge University Press

Page : 260 pages

File Size : 38,62 MB

Release : 1978-10-05

Category : Business & Economics

ISBN : 9780521293150

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Book Description

An introduction to the history of economics for undergraduate students. Puts some of the current theoretical controversies into long-term perspective by tracing their historical antecedents and parallels.



From Adam Smith to Maynard Keynes

Author : Vincent W. Bladen

Publisher : University of Toronto Press

Page : 978 pages

File Size : 48,55 MB

Release : 1974-12-15

Category : Political Science

ISBN : 144263376X

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Book Description

In this survey of the great exponents of the classical tradition, Vincent Bladen examines the thought and works of Adam Smith, T.R. Malthus, Henry Thornton, David Ricardo, J.S. Mill, Karl Marx, W.S. Jevons, Alfred Marshall, and John Maynard Keynes, and relates their views to modern situations. This is a personal introduction by one of Canada’s senior economists to some of the great books in the English literature of political economy. Vincent Bladen wrote it to induce an interest in and an understanding of the economic classics, in the belief that contemplation of those works will increase our understanding of current economic writing and current economic problems. For the purpose of discussing the development of ‘wealth’—the major concern of economists—Bladen defines four periods within the classical tradition, and demonstrates that in each there appeared a characteristic preoccupation with a particular area of economics. From Adam Smith to John Stuart Mill the principal concern was productivity and growth; the neoclassical economists represented by Jevons and Marshall emphasized the problems of allocation of given productive resources; depressions in the twenties and thirties and the impact of Keynesian theory led to a preoccupation with ‘employment,’ and after World War II attention shifted to ‘growth.’ Bladen is critical of previous histories of economic thought: ‘by isolating the treatment of one element in a complex and integrated system of thought they frequently misrepresent each author’s treatment of the particular element.’ In this work he attempts to show each aspect of the work of the economists he has selected in the context of an integrated whole.