Economic Thought : A Brief History / Heinz Kurz.

Format:

Book

Author/Creator:

Kurz, Heinz, Author.

Contributor:

Riemer, Jeremiah

Language:

English

Subjects (All):

Economics--History.

Economics.

Physical Description:

1 online resource (221 p.)

Place of Publication:

New York, NY : Columbia University Press, [2016]

Language Note:

English

Summary:

In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories. Over the course of this journey, Kurz explains what Adam Smith meant by the "invisible hand"; how Karl Marx's "law of motion" works in capitalist economies; the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty; John Maynard Keynes's principle of effective demand and economic stabilization; and the insights and challenges offered by growth theory, welfare economics, game theory, and more. He concludes with a deft summation of world economists' major concerns today and their critical relation to world events.

Contents:

Frontmatter

CONTENTS

PREFACE

INTRODUCTION

1. EARLY ECONOMIC THOUGHT

2. CLASSICAL ECONOMICS

3. MARX AND THE SOCIALISTS

4. THE RISE OF MARGINALISM

5. MARSHALL AND THE THEORY OF PARTIAL EQUILIBRIUM

6. UTILITARIANISM, WELFARE THEORY, AND SYSTEMS DEBATE

7. IMPERFECT COMPETITION

8. SCHUMPETER AND THE PRINCIPLE OF CREATIVE DESTRUCTION

9. KEYNES AND THE PRINCIPLE OF EFFECTIVE DEMAND

10. REACTIONS TO KEYNES

11. GENERAL EQUILIBRIUM THEORY AND WELFARE THEORY

12. DEVELOPMENTS IN SELECTED FIELDS

A FINAL WORD

REFERENCES AND BIBLIOGRAPHY

INDEX

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jul 2020)

ISBN:

9780231540759

0231540752

OCLC:

949930819