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 history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.
An objective and perceptive account of the literature of monetary theory, this volume, by a central banker who has studied monetary theory over the last quarter of a century, clearly shows how its inherent complexity is much enriched by the study of its history. In three parts Filippo Cesarano: focuses on the innovative ideas of distinguished economists who anticipated modern theories, elaborating on them along lines that suggest original research programmes examines the impact of expectations on the effectiveness of monetary policy, illustrating how different assumptions within the classical paradigm lead to diverse hypotheses and policy design investigates the role of monetary theory in shaping monetary institutions. Deserving of a wide readership among both academic economists and monetary policy practitioners, this collection of essays is key reading for students and researchers engaged with monetary theory and the history of economics and policy makers seeking to weigh up the assumptions underlying different theories in order to select the models best suited to the problems they face.
This collection of eminent contributions discusses the ideas and works of Mark Blaug, who has made important and often pioneering contributions to economic history, economic methodology, the economics of education, development economics, cultural econo
An updated revisting of the themes of Robin Marris' classic The Economic Theory of Managerial Capitalism (1964). This was widely recognised as pathbreaking as it was the first attempt by a professional economist to make a formal theory of the behaviour and growth of a large-scale 'managerial' corporation based on a realistic assessment of the sociological and institutional environment. The model determined the long-run growth rates of individual firms on the basis of the financial and market environment on the one hand and the needs, interest and aspirations of both managers and shareholders on the other. Managers in particular were shown to trade desire for growth against fear of takeover. These then novel important features of modern capitalism - mergers, takeovers and executive bonuses and the relationship between the growth of firms and the growth of the economy - have become increasingly topical. The book contains the original introduction along with reworked and updated coverage of the theoretical model, along with completely new chapters both of micro-theory and Marris' substantive response to the debate which the original book created.
Almost three years passed since the Faculty of Economics of the University of Groningen celebrated its 25th Anniversary in 1973. Late, but not too late we hope, to present the lectures of most of our distinguished guests, who came from the United States and different European Countries to inform the Congress participants of their opinion and ideas on "25 Years of Economic Theory: Retrospect and Prospect. " The problems we met in publishing the lectures, in accordance with the agreement we made with our guests, are not unusual, as everyone knows who has been an editor of such a volume before. The promise to give a lecture and to write it down afterwards as well is much more difficult to maintain than only to give a speech. Everybody knows there is nothing so terrifying as to be reminded of your promise to write down your lecture, especially if only a type-written text, put down from a tape, is at your disposal. You are sure of your remembrance: "That very day I heard applause, there were friendly words and perhaps a state of not ending enthusiasm. And now I receive this type-written text of my speech with a request, full of innocence, of these friendly committee members, "will you be so kind as to prepare your text for publication ']" But this one, is this my text? Unbelievable.
There is a strong view that economics is the academic discipline that best represents the claim of positive science among social sciences. Economics has undergone significant transformations after its emergence as a science. Despite all these transformations, the feature containing positive and normative elements has not changed. While economists from the political economy tradition focus on qualitative studies that relate to other social sciences, especially political science and history, a group of economists adopt the qualitative methods of natural sciences to analyze economic problems. There is a debate among economists on how to understand social reality and what kind of science the economy should be. Business is a discipline that has declared its relative independence from economics over time. Business is a research field that encompasses a wide range of areas ranging from organizational behavior of individuals to the firm’s production and marketing strategies. This book contains articles on essential topics related to these disciplines, which have an in- separable relationship between them. Academicians contributing to the book have produced works on current topics of discussion as well as key subjects that remain important in economics and management.
The history of economic thought has always attracted some of the brightest minds in the discipline. These chroniclers of development have helped form our current views, and it is no surprise that many among them have been at the forefront of new movements in the history of ideas. This notable collection summarizes the work of these key historians of economics and attempts to quantify their impact. Some of the writers covered, such as Friedrich Hayek and Joan Robinson, are already assured of their place among the greatest economists of the twentieth century, but the collection also stresses the influence of those still active in shaping our perceptions - including Mark Blaug, Samuel Hollander and Donald Winch. Written by an impressive roster of contributors, many of whom are themselves well-known in the history of economic thought, this key book features writings from John Creedy, Roger Blackhouse and Neil De Marchi, as well as the editors of the collection as a whole, Warren J. Samuels and Steven Medema.
An Introduction to the Lives & Works of One Hundred Great Economists of the Past
Author: Mark Blaug
Category: Business & Economics
In Great Economists before Keynes, a chronological guide is included for readers wishing to trace the development of economic thought from early mercantilist writings to the pivotal work of John Maynard Keynes. Each article briefly discusses the life and enduring contributions of economists such as Adam Smith, Alfred Marshall, David Ricardo, and Leon Walras. Wherever possible, portraits accompany the text. Mark Blaug is Emeritus Professor of the Economics of Education at the University of London Institute of Education, and Consultant Professor at the University of Buckingham. He is the author of numerous articles and books in the field of economics and economic history, including Economic Theory in Retrospect (CUP, Fourth Edition, 1985), an established classic in the field.
Provides an assessment of Lowe's work and explores areas for future research in relation to his important contribution to economics, in particular his belief that economics is inseparable from social inquiry. Section I contains personal recollections, focusing on Lowe's intellectual and socio-political development during the Weimar Republic. Sections II and III overview his work in business cycle theory, analysis of structural and economic change, and traverse analysis. Section IV discusses Lowe as an economic philosopher. Annotation copyrighted by Book News, Inc., Portland, OR
"The mandate given to the editor of the present volume was succinct and to the point: gather together some of the most recent attempts to remake economic theory at its most fundamental levels, and avoid the two debased brands of academic revolutions. Now, anyone would have realized that this would be a devilishly difficult task, more likely than not to backfire; but, in retrospect, the editor still marvels at the complacency with which he embarked on the enterprise. It was quite easy to identify the critics of conventional economics who had little more than criticism to offer; it was much more difficult to feel certain that he had actually stumbled upon a substantive divergence from the orthodoxy that appeared to promise further fruitful developments. [...] Forewarned and forearmed, the prospective reader should then be equipped to judge for him- or herself whether truth in advertising has been further abused, or if something a little more interesting and entertaining is afoot."--Pages 1-2