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History of Economic Thought

History of Economic Thought - 4th edition

History of Economic Thought - 4th edition

ISBN13: 9780618133949

ISBN10: 0618133941

History of Economic Thought by Harry Landreth and David Colander - ISBN 9780618133949
Edition: 4TH 02
Copyright: 2002
Publisher: Houghton Mifflin Harcourt
Published:
International: No
History of Economic Thought by Harry Landreth and David Colander - ISBN 9780618133949

ISBN13: 9780618133949

ISBN10: 0618133941

Edition: 4TH 02
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Summary

An upper-level text, History of Economic Thought continues to offer a lively, accessible discussion of ideas that have shaped modern economics. The Fourth Edition has been thoroughly revised to reflect new scholarship and research, as well as a more pointed focus on modern economic thought. The text remains a highly understandable and opinionated--but fair--presentation of the history of economic thought.

For greater symmetry, the text has been divided into four sections: preclassical, classical, neoclassical, and modern economics. An overview of each school of thought is followed by criticism--providing students with a balanced understanding of every period.
The text has been reorganized to clearly distinguish the evolution of modern economics (Part IV) from neoclassical thought (Part III).
Part IV incorporates recent changes in thought and practice by emphasizing method-eclectic model building and model-testing, a key characteristic of modern economics.
The authors have reduced coverage of neoclassical economics--including long discussions of the labor theory of value--and added discussions of classical views of growth and dynamics.
Coverage of emerging scholarship now includes material on Chinese economic thought and early Arab-Islamic thinkers whose insights into economic issues have long been neglected.
The Marshall chapter now appears before the Walras chapter to demonstrate the continuity between the development of partial equilibrium and neoclassical microeconomic thought from 1870 to 1890.
The exploration of economics as a profession and as a methodology, previously covered in Chapter 1, now appears in the appendix.

Author Bio

Landreth, Harry : Centre College

Colander, David : Middlebury College

Table of Contents

Table of Contents

Note: Each chapter includes a Summary, Key Terms, Questions for Review and Discussion, and Suggested Readings.

I.
1. Introduction

The Central Focus of Modern Economic Thought
Divisions of Modern Economic Theory
Our Approach to the History of Economic Thought
Methodological Issues
Benefits to Be Gained from the Study of the History of Economic Thought
Economics as a Profession and Its Methodology
The Spread of Economic Ideas
The Evolution of Methodological Thought

2. Early Preclassical Economic Thought

Important Writers
Some Broad Generalizations
Non-Western Economic Thought
Greek Thought
Arab-Islamic Thought
Scholasticism

3. Mercantilism, Physiocracy, and Other Precursors of Classical Economic Thought

Important Writers
Mercantilism
Influential Precursors of Classical Thought
French and Spanish Writers
Physiocracy

II. Classical Economic Thought and Its Critics

4. Adam Smith

Smith's Analysis of Markets and Policy Conclusions
The Nature and Causes of the Wealth of Nations
Causes of the Wealth of Nations
International Trade
Value Theory
Distribution Theory
Welfare and the General Level of Prices

5. Ricardo and Malthus

David Ricardo
The Malthusian Population Doctrine
Ricardo: Method, Policy, Scope
Ricardo's Model
Ricardo's Theory of Land Rent
Ricardo's Value Theory
Ricardian Distribution Theory
Comparative Advantage
Stability and Growth in a Capitalistic Economy

6. J.S. Mill and the Decline of Classical Economics

Post-Ricardian Developments
J.S. Mill: The Background of His Thought
Millian Economics

7. Karl Marx and His Critique of Classical Economics

An Overview of Marx
Marx's Economic Theories
Marx's Analysis of Capitalism

III. Neoclassical Economic Thought and Its Critics

8. Jevons, Menger, and The Foundations of Marginal Analysis

Important Writers
Jevons, Menger, and Walras
Second-Generation Austrians

9. The Transition to Neoclassical Economics: Marginal Analysis Extended

Important Writers
Marginal Analysis Extended: The Second Generation
Marginal Productivity Theory
Profits and Interest

10. Alfred Marshall and Neoclassical Economics

Marshall's Claim to Being the Father of Neoclassicism

11. Walras and General Equilibrium Theory

Walras's General Equilibrium System
Vilfredo Pareto

12. Institutional and Historical Critics of Neoclassical Economics

Important Writers
Methodological Controversy
Thorstein Veblen
Wesley Clair Mitchell
John R. Commons
John A. Hobson

13. Austrian Critique of Neoclassical Economics and the

Debate about Socialism and Capitalism
Important Writers
Defining Capitalism and Socialism
The Emergence of Capitalistic Thought
The Evolution of Austrian Thought
The Development of Socialist Economic Thought

IV. Modern Economics and Its Critics

14. The Development of Modern Microeconomic Theory

Important Writers
The Movement Away from Marshallian Economics
The Formalist Revolution in Microeconomics

15. The Development of Modern Macroeconomic Thought

Important Writers
Historical Forerunners of Modern Macroeconomics
Keynesian Macroeconomics
Modern Macroeconomics

16. The Development of Econometrics and Empirical Methods in Economics

Important Writers
Empirical Economics
Neoclassical Economics and Empirical Analysis
Macroeconomics and Empirical Analysis
The Rise of Econometrics
The Fall from Scientific Grace of Macroeconomics
Bayesian Econometrics
Experimental Economists

17. The Development of Modern Heterodox Economic Thought

Important Writers
Radicals
Modern Institutionalists, Quasi-Institutionalists, and Neoinstitutionalists
Quasi-Institutionalists
Neoinstitutionalists
Post-Keynesians
Public Choice Advocates
Austrian Economics

Other Editions of History of Economic Thought

History Of Economic Thought by Harry Landreth - ISBN 9780395668580