In this scholarly and timely presentation of the history of economic thought, you’ll see how new ideas, evidence, problems and values can be used to reconsider basic disputes and major contributions of the past. THE EVOLUTION OF ECONOMIC THOUGHT, 8e covers the history of economics, the philosophies that drive the economic way of thinking, the ideas of the great economic thinkers and their logical connections to the world. You’ll see how Robert Solow’s pioneering model can be used to discuss recent renewed emphasis on growth theory and technological change and will explore antitrust perspectives and game theory.
THE EVOLUTION OF ECONOMIC THOUGHT, 8e presents the history of economics and the philosophies that drive the economic way of thinking. It stresses the importance of understanding contemporary economics, by grasping new ideas, evidence, problems and values that call for reconsideration of basic disputes and major contributions of the past. The textbook explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow. Updated pedagogical features provide clear insight into issues like antitrust perspectives and game theory. Introducing ideas like Robert Solow’s pioneering model to discuss recent renewed emphasis on growth theory and technological change, the author sheds historical light on modern debates and thoughts. Stanley Brue and Randy Grant carry on the legacy of Jacob Oser, the book’s creator, by offering a scholarly and timely presentation of the history of economic thought.
Table of Contents
Chapter 1 Introduction and Overview.
Chapter 2 The Mercantilist School.
Chapter 3 The Physiocratic School.
Chapter 4 The Classical School—Forerunners.
Chapter 5 The Classical School—Adam Smith.
Chapter 6 The Classical School—Thomas Robert Malthus.
Chapter 7 The Classical School—David Ricardo.
Chapter 8 The Classical School—Bentham, Say, Senior, and Mill.
Chapter 9 The Rise of Socialist Thought.
Chapter 10 Marxian Socialism.
Chapter 11 The German Historical School.
Chapter 12 The Marginalist School—Forerunners.
Chapter 13 The Marginalist School—Jevons, Menger, von Wieser, and von Böhm-Bawerk.
Chapter 14 The Marginalist School—Edgeworth and Clark.
Chapter 15 The Neoclassical School—Alfred Marshall.
Chapter 16 The Neoclassical School—Monetary Economics.
Chapter 17 The Neoclassical School—The Departure from Pure Competition.
Chapter 18 Mathematical Economics.
Chapter 19 The Institutionalist School.
Chapter 20 Welfare Economics.
Chapter 21 The Keynesian School—John Maynard Keynes.
Chapter 22 The Keynesian School—Developments since Keynes.
Chapter 23 Theories of Economic Growth and Development.
Chapter 24 The Chicago School—The New Classicism.
Chapter 25 Concluding Thoughts.