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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.
Economic schools --- 330.40 --- Geschiedenis van het economisch en sociaal denken --- Economics --- History.
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Economics --- History --- 330.40 --- AA / International- internationaal --- Geschiedenis van het economisch en sociaal denken --- Economics - History
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Economics --- History. --- AA / International- internationaal --- 330.40 --- Geschiedenis van het economisch en sociaal denken --- Economics - History.
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Economics --- 330.40 --- AA / International- internationaal --- History --- Geschiedenis van het economisch en sociaal denken --- Economic schools
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Economics --- 330.40 --- AA / International- internationaal --- History --- Geschiedenis van het economisch en sociaal denken --- Economic schools
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330.40 --- Geschiedenis van het economisch en sociaal denken --- Economic schools
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From the ancients to the moderns, questions of economic theory and policy have been an important part of intellectual and public debate, engaging the attention of some of history’s greatest minds. This book brings together readings from more than two thousand years of writings on economic subjects. Through these selections, the reader can see first-hand how the great minds of past grappled with some of the central social and economic issues of their times and, in the process, enhanced our understanding of how economic systems function.This collection of readings covers the major themes that have preoccupied economic thinkers throughout the ages, including price determination and the underpinnings of the market system, monetary theory and policy, international trade and finance, income distribution, and the appropriate role for government within the economic system. These ideas unfold, develop, and change course over time at the hands of scholars such as Aristotle, St. Thomas Aquinas, John Locke, François Quesnay, David Hume, Adam Smith, Thomas Robert Malthus, David Ricardo, John Stuart Mill, Karl Marx, William Stanley Jevons, Alfred Marshall, Irving Fisher, Thorstein Veblen, John Maynard Keynes, Milton Friedman, and Paul Samuelson. Each reading has been selected with a view to both enlightening the reader as to the major contributions of the author in question and to giving the reader a broad view of the development of economic thought and analysis over time.This book will be useful for students, scholars, and lay people with an interest in the history of economic thought and the history of ideas generally.
Economic schools --- Economics --- 330.08 --- 330.40 --- AA / International- internationaal --- History --- Economisten --- Geschiedenis van het economisch en sociaal denken --- History.
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