History of economic thought : a critical perspective / E.K. Hunt and Mark Lautzenheiser.

Format:

Book

Author/Creator:

Hunt, E. K., author.

Contributor:

Lautzenheiser, Mark, 1968-

Language:

English

Subjects (All):

Economics--History.

Economics.

Physical Description:

1 online resource (604 p.)

Edition:

Third edition.

Place of Publication:

Abingdon, Oxon : Routledge, 2015.

Language Note:

English

Summary:

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.

Contents:

Cover; Half Title; Title Page; Copyright Page; Table of Contents; List of Tables and Figures; Foreword; Preface; Acknowledgments; 1. Introduction; A Definition of Capitalism; Precapitalist European Economy; The Increase in Long-Distance Trade; The Putting-Out System and the Birth of Capitalist Industry; Decline of the Manorial System; Creation of the Working Class; Other Forces in the Transition to Capitalism; Mercantilism; 2. Economic Ideas Before Adam Smith; Early Mercantilist Writing on Value and Profits; Later Mercantilist Writings and the Philosophy of Individualism

Protestantism and the Individualist EthicEconomic Policies of Individualism; Beginnings of the Classical Theory of Prices and Profits; The Physiocrats as Social Reformers; Quesnay's Economic Ideas; Conclusion; 3. Adam Smith; Historical Context of Smith's Ideas; Smith's Theories of History and Sociology; Smith's Value Theory; Smith's Theory of Economic Welfare; Class Conflict and Social Harmony; 4. Thomas Robert Malthus; Class Conflicts of Malthus's Times; The Theory of Population; Economics of Exchange and Class Conflict; The Theory of Gluts; 5. David Ricardo

The Theory of Rent and First Approach to ProfitsEconomic Basis of Conflict Between Capitalists and Landlords; The Labor Theory of Value; Price Determination with Differing Compositions of Capital; A Numerical Example of Price Determination; Distribution of Income and the Labor Theory of Value; The Impossibility of Gluts; Machinery as a Cause of Involuntary Unemployment; The Theory of Comparative Advantage and International Trade; Social Harmony and Class Conflict; 6. Rationalistic Subjectivism: The Economics of Bentham, Say, and Senior; Social Origins of the Premises of Utility Theory

Jeremy Bentham on UtilityBentham as a Social Reformer; Jean-Baptiste Say on Utility, Production, and Income Distribution; Say's Law of Markets; Nassau Senior's Social Orientation; Senior's Theoretical Methodology; Senior's Four Propositions; Senior on Utility Maximization, Prices, and Gluts; Senior's Views on Population and Workers' Welfare; Senior on Capital Accumulation and Abstinence; Senior on Rent and Class Distribution of Income; Social Harmony Versus the Political Economy of the Poor; 7. Political Economy of the Poor: The Ideas of William Thompson and Thomas Hodgskin

Workers' Resistance to IndustrializationThompson's Utilitarianism and Labor Theory of Value; Thompson's Argument for Egalitarian, Market Socialism; Thompson's Critique of Market Socialism; A Critique of Thompson's Utilitarianism; Thomas Hodgskin's View of the Source of Profit; Hodgskin's Conception of Capital; Hodgskin's Utilitarianism; 8. Pure Versus Eclectic Utilitarianism: The Writings of Bastiat and Mill; The Spread of Socialist Ideas; Foundation and Scope of Bastiat's Utilitarian Economics; Utility and Exchange; Bastiat's Defense of Private Property, Capital, Profits, and Rent

Bastiat's View of Exchange, Social Harmony, and the Role of Government

Notes:

First published 2011 by M.E. Sharpe.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-317-46858-9

0-7656-2599-7

1-315-70368-8

1-317-46859-7

9781315703688

OCLC:

905984348