The Wealth of Ideas: A History of Economic Thought
The Wealth of Ideas, first published in 2005, traces the history of economic thought, from its prehistory (the Bible, Classical antiquity) to the present day. In this eloquently written, scientifically rigorous and well documented book, chapters on William Petty, Adam Smith, David Ricardo, Karl Marx, William Stanley Jevons, Carl Menger, Léon Walras, Alfred Marshall, John Maynard Keynes, Joseph Schumpeter and Piero Sraffa alternate with chapters on other important figures and on debates of the period. Economic thought is seen as developing between two opposite poles: a subjective one, based on the ideas of scarcity and utility, and an objective one based on the notions of physical costs and surplus. Professor Roncaglia focuses on the different views of the economy and society and on their evolution over time and critically evaluates the foundations of the scarcity-utility approach in comparison with the Classical/Keynesian approach.
analysis analytical aspects assumption attributed Austrian school behaviour Cantillon capital capitalistic century characterised classical economists commodity competition concerned considered constituted consumption contribution corresponds costs debate demand and supply determined division of labour economic agents economic equilibrium economic system economic theory economic thought edition elements entrepreneurs essay exchange values fact favour firm Hayek hence history of economic human ibid idea important income increase individual instance interest interpretation issues Jevons John Stuart Mill Keynes Keynes’s Keynesian Malthus marginalist marginalist approach marginalist theory Marshall Marshall’s Marshallian Marx Marx’s means of production Menger monetary natural price nomic notion particular Petty Petty’s physiocrats political economy Principles problem proposed quantity rate of profits recall Ricardian Ricardo role sectors Smith Smithian social society Sraffa stressed subsistence surplus theoretical theory of value thesis tion Torrens trade tradition utilised utility wage Walras wealth of nations workers
The Social Science Jargon Buster: The Key Terms You Need to Know
Limited preview - 2007