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The development of economic thought : an overview / Joseph R. Cammarosano.
- Format:
- Book
- Author/Creator:
- Cammarosano, Joseph R., author.
- Language:
- English
- Subjects (All):
- Economics--History.
- Economics.
- Genre:
- History.
- Physical Description:
- 1 online resource (235 pages)
- Distribution:
- New York : Bloomsbury Publishing (US), 2025.
- Place of Publication:
- Lanham, Maryland : Lexington Books, [2018]
- Summary:
- "This book provides an overview or an introduction to the development of economic thought from the time of the early Greek and Roman writers to the mid-20th century. It provides a basic, no frills account of how economic ideas which were first cited by the early philosophers were later refined by the writings of the medieval schoolmen and still later by the contributions of the mercantilists and physiocrats. All these ideas were collected and synthesized by Adam Smith in his Wealth of Nations which provided the basis for economics as a formal subject of inquiry. From Smith's magnum opus emerged the works of the classical economists, most notably, David Ricardo, Thomas Malthus, and John Stuart Mill. Their work was not left unchallenged by the Utopian Socialists, the Associationists, and other social reformers and most importantly by Karl Marx. Nevertheless, classical economics was not to be denied thanks to Alfred Marshall who succeeded in fusing the Austrians'concept of utility on the demand side with the classicists'cost of production on the supply side of the market to provide a new theory of value. He gave new life to the classicists with his Neo-Classicism, the basis for microeconomics, to be followed fifty years later by Keynes'General Theory of Employment, Interest and Money and the ushering in of macroeconomics."--Provided by publisher.
- Contents:
- Cover
- The Development of Economic Thought
- The Development of Economic Thought: An Overview
- Copyright page
- Contents
- Introduction
- Notes.
- Chapter 1
- The Early Contributors to the Development of Economic Thought
- The Romans
- The Medieval Writers
- Chapter 2
- The Mercantilists and the Physiocrats
- Antoine de Montchrestien (1576–1621)
- Philipp W. von Hornick (1633–1712)
- Antonio Serra (1580–1650)
- William Petty (1623–1687)
- Edward Misselden
- Gerard de Malynes
- Thomas Mun (1571–1641)
- The Physiocrats Quesnay’s Tableau Economique
- Chapter 3
- Adam Smith (1723–1790) and the Wealth of Nations
- Jean-Baptiste Say (1767–1832)
- Lord Lauderdale (1759–1830)
- John Rae (1796–1872)
- Chapter 4
- The Classicists
- Henry George’s Criticism of the Essay on The Essay of Population
- David Ricardo (1772–1823)
- Ricardo’s Theory of Value
- The Law of Comparative Advantage
- The Theory of Rent
- Wages and Profits
- The Pessimism of Malthus and Ricardo
- Chapter 5
- The Early Critics of Classical Economics
- Friedrich List (1789–1846)
- Jean Charles Simonde DE Sismondi (1773–1842)
- Chapter 6
- The Later Classicists
- John Stuart Mill (1806–1873)
- The Wages Fund Theory
- The Determination of Income
- Nassau Senior (1790–1864)
- Chapter 7
- The Socialists and Karl Marx
- The Associationist Socialists
- Robert Owen
- Louis Blanc
- Karl Marx
- Bernstein’s Criticism of Marxism by a Fellow Socialist
- Chapter 8
- The Marginalist School William
- Stanley Jevons (1835–1882)
- The Psychological School
- The Austrian Wing of the Marginalist School
- The Theory of Value
- The Value of Complementary Goods
- The Value of Producer
- Goods Price Determination by the “Marginal Pairs”
- Bohm-Bawerk’s Rate of Interest
- Chapter 9
- The Outliers
- John Hobson
- Ralph G. Hawtrey
- Joseph A. Schumpeter
- The Theory of Economic Development
- Capitalism, Socialism, and Democracy
- Business Cycles
- Chapter 10
- The American Economists
- Herbert J. Davenport
- Thorstein Veblen
- The Theory of the Leisure Class
- The Theory of Business Enterprise
- Wesley Claire Mitchell
- John Bates Clark (1847–1938)
- Chapter 11
- Marshall and Keynes
- Alfred Marshall
- John Maynard Keynes
- Indian Currency and Finance
- The Economic Consequences of the Peace
- A Tract on Monetary Reform
- The Economic Consequences of Mr. Churchill
- A Treatise on Money
- The Means to Prosperity
- The General Theory of Employment, Interest and Money
- How to Pay for the War
- The Clearing Union Proposal
- The Anglo-American Loan
- Conclusion
- Bibliography
- Index
- About the Author.
- Notes:
- Includes bibliographical references and index.
- ISBN:
- 1-9787-3058-6
- 1-4985-7161-1
- OCLC:
- 1023820480
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