Download or read book A Comparative Study of the Schools of Economic Thought written by Rosamond E. Shreve and published by . This book was released on 1934 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Modern Guide to Economic Thought written by Douglas Mair and published by Edward Elgar Publishing. This book was released on 1991 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study offers a comprehensive introduction to the main schools of contemporary economic thought, presents the current state of each school, indicating its raison d'etre, why each school thinks as it does and the questions to which it is trying to find answers.
Download or read book Conflicting Trends of Economic Thought written by Sachindra Nath Dutt and published by . This book was released on 1951 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Thought and Institutional Change in France and Italy 1789 1914 written by Riccardo Soliani and published by Springer. This book was released on 2016-11-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the relationship between economic thought, proposals for reform of political institutions, and civil society in the period between the rise to power of Napoleon and the eve of the First World War in Italy and France – two countries with a similar cultural and political tradition and with personal mobility of the intellectual class. The first section of the book is devoted to the struggle for identity, justice, and liberty, including its economic dimensions. The relation between political and economic freedom and its effect on equity is then addressed in detail, and the third, concluding section focuses on the intellectual and political conflict between the social visions of liberalism and socialism in some of their various forms, again with consideration of the economic implications. The comparative nature of the analysis, combined with its interdisciplinary approach to the history of economic and political thought and social history, will enable the reader to understand more clearly the historical evolution of each country and the relevant contemporary political and economic issues.
Download or read book Relevance Concepts Criticisms and Limitations of Classical Economic Theory written by Bortolina Habtamu and published by GRIN Verlag. This book was released on 2024-03-26 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2024 in the subject Business economics - Miscellaneous, Addis Ababa University (Business and Economics), course: development theory, language: English, abstract: The classical school of economic thought began taking shape in the late 18th century, led by Scottish philosopher Adam Smith. In his groundbreaking book The Wealth of Nations published in 1776, Smith introduced several foundational concepts that came to define early classical theory. He observed the immense productive gains achieved through the division of labor in a pin factory, recognizing specialization as a primary driver of economic progress (Smith, 1776). Moreover, Smith theorized his famous metaphor of the "invisible hand”, suggesting that through unhindered individual self-interest and competition in a free market, social welfare is indirectly maximized (Smith, 1776). In the early 19th century, English political economist David Ricardo built significantly upon Smith's foundations. His 1817 work On the Principles of Political Economy and Taxation proposed the influential labor theory of value. Ricardo argued that the cost of production, and therefore the true value, of a good or service is determined by the quantity of labor required to produce it (Ricardo, 1821). He also formulated the principle of comparative advantage to explain patterns of international trade. During this period, Reverend Thomas Malthus published his Essay on the Principle of Population in 1798. In it, he contended that human populations tended to grow at a faster rate than the food supply, potentially resulting in recurrent famines unless checks like disease, war, or birth control intervene (Malthus, 1798 ).
Download or read book The Economic Reader written by Massimo M. Augello and published by Routledge. This book was released on 2012 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a comparative study of the history of manuals of political economy in the most representative countries for the development of economics in the 19th and early 20th centuries demonstrating and the 'professionalisation' of economics.
Download or read book Competing Schools of Economic Thought written by Lefteris Tsoulfidis and published by Springer Science & Business Media. This book was released on 2010-06-29 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.
Download or read book Contending Economic Theories written by Richard D. Wolff and published by MIT Press. This book was released on 2012-09-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.
Download or read book Studies in the Theory of International Trade written by Jacob Viner and published by Routledge. This book was released on 2016-11-03 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, originally published in 1937, Jacob Viner traces, in a series of studies of contemporary source-material, the evolution of the modern orthodox theory of international trade from its beginnings in the revolt against English mercantilism in the 17th and 18th centuries, through the English currency and tariff controversies of the 19th century, to the late 20th century. The author offers a detailed examination of controversies in the technical literature centering on important propositions of the classical and neo-classical economists relating to the theory of the mechanism of international trade and the theory of gain from trade.
Download or read book Economic Thought and Policy in Less Developed Europe written by Maria Eugenia Mata and published by Routledge. This book was released on 2001-12-06 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume explore and discuss the process of dissemination of economic ideas among Europe's less developed countries and regions, as well as the interaction between economic thought and economic policy in different times and places during the nineteenth century. The comparative approach adopted sheds new light on the course of economic development in Europe's less developed countries in the nineteenth century and the role played by political economy. Amongst a host of others, the topics covered include: economic policy in Denmark monetary and trade policy in Norway the influence of the German Historical School in Finland land Reform and the abolition of serfdom in Russia and in Poland With contributions that disclose important insights into national traditions in economic thought and policy, and the diffusion of ideas in Europe, this work will be essential reading for all scholars of the history of economic thought.
Download or read book The Spread of Political Economy and the Professionalisation of Economists written by Massimo Augello and published by Routledge. This book was released on 2001-04-12 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book expertly presents the first systematic research and comparative analysis ever attempted on the rise and early developments of the Economic Associations founded in Europe, the US and Japan during the nineteenth century. Contributors analyze the activities and debates promoted by these associations, evaluating their role in: the disseminati
Download or read book European and Chinese Histories of Economic Thought written by Iwo Amelung and published by Routledge. This book was released on 2021-11-18 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Western literature on the history of Chinese economic thought is sparse, and comparisons with the history of Western economic thought even more so. This pioneering book brings together Western and Chinese scholars to reflect on the historical evolution of economic thought in Europe and China. The international panel of contributors cover key topics such as currency, usury, land tenure, the granary system, welfare, and government, and special attention is given to monetary institutions and policies. The problem of "good government" emerges as the unifying thread of a complex analysis that includes both theoretical issues and applied economics. Chinese lines of evolution include the problem of the agency of the State, its ideological justification, the financing of public expenditure, the role played by the public administration, and the provision of credit. The early radical condemnation of usury in the Near East and in the West gives way to theoretical justifications of interest-taking in early capitalist Europe; they, in turn, lead to advances in mathematics and business administration and represent one of the origins of modern economic theory. Other uniting themes include the relationship between metallic and paper money in Chinese and European experiences and the cross-fertilization of economic practices and ideas in the course of their pluri-millennial interactions. Differences emerge; the approach to the organization of economic life was, and still is, more State-centred in China. The editors bring together these analytical threads in a final chapter, opening wider horizons for this new line of comparative economic research which is important for the understanding of modern ideological turns. This volume provides valuable reading for scholars in the history of economic thought, economic history and Chinese studies.
Download or read book On Economic Methodology written by Carl Henning Reschke and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, I try to show how an integrated evolutionary and mainstream economics could be developed. At this beginning stage I do not give more than tentative hints, but these in a hopefully comprehensive way. I try to be comprehensive, because I think that it is one of foremost shortcomings of economic reasoning to focus on one issue and stop in front of connections to other issues and fields. A combination of these two modes is necessary. In my view, the focus on separate issues without consideration of linked issues is one of the causes for the proliferation of conflicting economic theories. In itself these are 'right' or at least 'justified', they are less useful as explanatory frameworks for real life phenomena. They capture only a part of reality and this under specific (different) conditions, which are related to the axioms and assumptions used in model building. They say more about the authors' ability for rigorous reasoning than about their willingness to provide workable solutions for real problems. Empirical research in economics is not free from this problem, because theory and models serve as value foundations for deciding which questions to ask and which factors to research. The results again influence theoretical exercises. When certain factors are not judged important enough to be included in research, they cannot influence theory. It has maybe by now become clear that this essay aims at sketching a framework for research and theory. My aim is consequently not so much to answer one specific question, but to show how questions can be framed usefully in economics. The idea to give a remedy for the seeming separation between economic theory and reality. This is a necessity for a coherent scientific enterprise. I begin by discussing categorization as a means to cope with information gathered in the scientific process and stress the dangers which are implied by rigid categories. Then I shortly deal with some issues in the history of economic thought. The first is the debate on economic methodology at the end of the last century between the so-called German Historical school and the mainly Anglo-Saxon economists favoring a more analytical treatment. The second episode is centered around the development of the theory of firm based on Joan Robinson's work. The third episode is connected to the emergence of the Chicago School of economics and the marginalist debate. The critical discussion of the emergence of present mainstream concepts leads to a discussion of Knight's distinction between risk and uncertainty. This distinction is related to the Popperian solution of the problem of induction - falsification as the only acceptable criterion of science. Friedman's and Popper's views are then evaluated in the context of more recent positions in the philosophy of science based on evolutionary views. This sets the stage for a discussion of the evolutionary nature of the scientific process. I finish by evaluating tools available to modern economics.
Download or read book History of Economic Thought written by V. Lokanathan and published by . This book was released on 2010-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Book Summary of History Of Economic Thought For B.A./M.A. Students of Economics Table of Contents Introduction Ancient Economic Thought Economic Thought in Ancient India Medieval Economic Thought Mercantilism The Physiocrats Adam Smith Jeremy Bentham Thomas Robert Malthus David Ricardo J.B. Say Bastiat Nassau William Senior John Stuart Mill The Historical School The Nationalists Sismondi Utopian Socialism Karl Marx Fabian Socialism The Marginal Revolution The Austrian School Alfred Marshall Indifference curve Analysis-Iso Product Curves Neo-Classicism The Institutional School The Keynesian Revolution Joseph A.Schumpeter Neo-Keynesian Economics Welfare Economics Comparative Economic Systems Recent Indian Economic Thought Recent Trends in Indian Economic Thought (Applied Economics) Nobel Laureates in Economics
Download or read book Research in the History of Economic Thought and Methodology Part A B C written by Warren J. Samuels and published by Emerald Group Publishing Limited. This book was released on 2009-06-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Features articles on classical and modern economic thought. This title includes review essays on books about historical figures in economics (Schumpeter, Keynes, Mincer) and the historical treatment of particular movements or issues in the discipline (Chicago School, comparative economic history, economic growth, postmodernism, and ethics).
Download or read book Great Economic Thinkers from Antiquity to the Historical School written by Bertram Schefold and published by Routledge. This book was released on 2016-03-31 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains commentaries from the series "Klassiker der Nationalökonomie" (classics of economics), which have been translated into English for the first time. This selection focuses on neglected, but notable writers in a deserted sub-discipline, localising the beginning of economic science not with Adam Smith, but with the moral question of usury and the good life in Antiquity. Bertram Schefold’s choice of authors for the "Klassiker" series, which he has edited since 1991, and his comments on the various re-edited works are proof of his highly original and thought-provoking interpretation of the history of economic thought (HET). This volume is an important contribution to HET not only because it delivers original and fresh insights about such well-known figures as Aristotle, Jevons or Wicksell, but also because it deals with authors and ideas who have been forgotten or neglected in the previous literature. In this regard Schefold’s book could prove to be seminal for the field of the history of economic thought, for in the age of globalisation our usual restriction to the thinkers of Western Europe and the USA might eventually be overcome. This book will give the reader a far broader view of economics compared to that of the latest research. This volume is suitable for those who are interested in and study history of economic thought as well as economic theory and philosophy.
Download or read book Blueprints of Prosperity written by Azhar ul Haque Sario and published by tredition. This book was released on 2024-09-04 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Blueprints of Prosperity: Navigating Global Economic Landscapes" serves as a comprehensive exploration of the application and impact of major economic theories in developed nations. This work meticulously examines how countries have leveraged classical, Marxist, Keynesian, Monetarist, and other economic frameworks to shape their policies and respond to various economic challenges. From the foundational principles laid out by Adam Smith to the modern adaptations of New Keynesian and Behavioral Economics, each theory is contextualized within specific national histories, providing a rich tapestry of how economic thought influences practical governance and policy-making. Through detailed case studies and comparative analyses, the book delves into the successes and failures of economic strategies across different contexts such as the United States, the United Kingdom, Germany, Japan, and Scandinavian countries. It discusses the evolution of these theories over time and their relevance in addressing contemporary economic issues like global crises, inequality, and technological disruptions. Each chapter offers an in-depth look at a particular economic school, examining its foundational concepts, historical applications, and the critiques it has faced over time, thus offering readers a nuanced understanding of both the theory and its practical implications. "Blueprints of Prosperity" is an essential resource for scholars, policymakers, and economic enthusiasts interested in the dynamics of economic theory and its role in shaping the global economic landscape. The book not only provides historical insights but also projects future trends and the evolution of economic thought in the face of changing global conditions. With its rigorous analysis and engaging narrative, it stands as a significant contribution to the field of economic literature, offering deep, actionable insights into how developed nations can navigate their economic futures.
