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 Competing Schools of Economic Thought written by Lefteris Tsoulfidis and published by Springer. This book was released on 2014-11-21 with total page 0 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 Competing Schools of Economic Thought written by Lefteris Tsoulfidis and published by Springer. This book was released on 2010-07-23 with total page 416 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 Economic Thought Schools written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-12-23 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Economic Thought Schools A school of economic thought is a collection of economists who have shared or shared a common perspective on the way economies function. This school of thought has its roots in the history of economic theory. Although there are instances when economists do not fit into specific schools of thinking, particularly in modern times, it is customary practice to categorize economists according to their schools of thought. There are three distinct phases that can be loosely distinguished in terms of economic thought: premodern, early modern, and modern. Since the beginning of what is known as the modern era, systematic economic theory has been developed to a significant extent. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Schools of economic thought Chapter 2: Neoclassical economics Chapter 3: General equilibrium theory Chapter 4: Index of economics articles Chapter 5: Business cycle Chapter 6: Classical economics Chapter 7: Economic efficiency Chapter 8: Heterodox economics Chapter 9: Lange model Chapter 10: Mainstream economics Chapter 11: Neoclassical synthesis Chapter 12: New classical macroeconomics Chapter 13: Economic ideology Chapter 14: Keynesian Revolution Chapter 15: History of macroeconomic thought Chapter 16: Anwar Shaikh (economist) Chapter 17: Perspectives on capitalism by school of thought Chapter 18: New neoclassical synthesis Chapter 19: Disequilibrium macroeconomics Chapter 20: Marxian economics Chapter 21: Marxism and Keynesian economics (II) Answering the public top questions about economic thought schools. (III) Real world examples for the usage of economic thought schools in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of economic thought schools. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of economic thought schools.
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 Competing Schools of Economic Thought written by Lefteris Tsoulfidis and published by Springer. This book was released on 2024-07-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive overview of the development of various schools of economic thought. Written for students of economics and anyone interested in the history of economics, it introduces the economic thinking of major economists, including Adam Smith, David Ricardo, Karl Marx, and John Maynard Keynes, and explains how classical economics and modern schools of economic thought evolved also in relation to the social conditions and real economic problems they were trying to address. It covers topics such as the evolution of classical economics, the marginal revolution, the theory of capital and the Cambridge controversies, Keynes’s General Theory, the neoclassical synthesis, and the history of macroeconomics. The author also reflects on the contemporary influence of various schools of economic thought and what answers they offer to present-day problems. The second edition is completely updated and offers two new chapters, one on the methodology of economics and another on economic growth. The final chapter presents and critically evaluates developments in macroeconomics in the years after the "Great Recession."
Download or read book Capitalism written by Anwar Shaikh and published by Oxford University Press. This book was released on 2016-01-15 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt: Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.
Download or read book Reinterpreting Mr Keynes written by Warren Young and published by Springer Nature. This book was released on 2022-01-19 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession’s understanding of the origins of the IS-LM model and modern macroeconomics.
Download or read book Handbook on the History of Economic Analysis Volume II written by Gilbert Faccarello and published by Edward Elgar Publishing. This book was released on 2016-07-27 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique troika of Handbooks provides indispensable coverage of the history of economic analysis. Edited by two of the foremost academics in the field, the volumes gather together insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these Handbooks an invaluable source of knowledge for all serious students and scholars of the history of economic thought.
Download or read book Is There Progress in Economics written by Stephan Boehm and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is There Progress in Economics? should be given relatively high marks. First, the quality of the papers is quite high, and second, the editors did a relatively good job of selecting, arranging and editing the contributions so that the volume really does focus on the question in its title. The editors introduction also contributes to the overall effect by attempting to tie all of the papers together into a reasonably tight bundle. D. Wade Hands, Economic Record This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of progress from an epistemological and methodological perspective. The idea of progress is particularly significant as the authors regard it as an essentially contested concept which can be defined in many ways theoretically or empirically; locally or globally; or as encouraging or impeding the existence of other research traditions. The authors discuss the idea that for progress to make any sense there must be an accumulation of knowledge built up over time rather than the replacement of ideas by each successive generation. Accordingly, they are not concerned with estimating the price of progress, reminiscing in the past, or assessing what has been lost. Instead they apply the complex mechanisms and machinery of the discipline to sub-fields such as normative economics, monetary economics, trade and location theory, Austrian economics and classical economics to critically assess whether progress has been made in these areas of research. Bringing together authoritative and wide-ranging contributions by leading scholars, this book will challenge and engage those interested in philosophy, economic methodology and the history of economic thought. It will also appeal to economists in general who are interested in the advancement of their profession.
Download or read book Development of Economic Analysis written by Ingrid H. Rima and published by Routledge. This book was released on 2012-10-12 with total page 681 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the sixth edition of a textbook that has been instrumental in introducing a generation of students to the history of economic thought. It charts the development of economics from its establishment as an analytical discipline in the eighteenth century through to the late twentieth century. The book discusses the work of, amongst others: Ricardo, Malthus, Marx, Walras, Marshall and Keynes as well as the institutionalists, the Chicago School and the emergence of econometrics. This edition has been fully revised and updated and includes: * chronologies of the key dates in the development of economics * extracts from original texts * an examination of how the study of the history of economic thought impinges upon modern thinking.
Download or read book Economic Thought History written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-12 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Economic Thought History The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day in the 21st century. This field encompasses many disparate schools of economic thought. Ancient Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition, and questioned whether property is best left in private or public hands. In the Middle Ages, Thomas Aquinas argued that it was a moral obligation of businesses to sell goods at a just price. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: History of economic thought Chapter 2: Economics Chapter 3: Keynesian economics Chapter 4: Macroeconomics Chapter 5: Post-Keynesian economics Chapter 6: Nicholas Kaldor Chapter 7: John Hicks Chapter 8: Classical economics Chapter 9: The General Theory of Employment, Interest and Money Chapter 10: Say's law Chapter 11: Quantity theory of money Chapter 12: Knut Wicksell Chapter 13: Edmund Phelps Chapter 14: Schools of economic thought Chapter 15: Neoclassical synthesis Chapter 16: Ancient economic thought Chapter 17: Keynesian Revolution Chapter 18: History of macroeconomic thought Chapter 19: Perspectives on capitalism by school of thought Chapter 20: Chartalism Chapter 21: Marxian economics (II) Answering the public top questions about economic thought history. (III) Real world examples for the usage of economic thought history in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Thought History.
Download or read book History Of Economic Thought written by and published by . This book was released on 1949 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book Is About The Economic And Political Contributions Of Different Schools Of Economic Thought.
Download or read book A Companion to the History of Economic Thought written by Warren J. Samuels and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assembling contributions from top thinkers in the field, thiscompanion offers a comprehensive and sophisticated exploration ofthe history of economic thought. The volume has a threefold focus:the history of economic thought, the history of economics as adiscipline, and the historiography of economic thought. Provides sophisticated introductions to a vast array oftopics. Focuses on a unique range of topics, including the history ofeconomic thought, the history of the discipline of economics, andthe historiography of economic thought.
Download or read book Contending Perspectives in Economics written by John T. Harvey and published by Edward Elgar Publishing. This book was released on 2020-08-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its second edition, John Harvey’s rigorous textbook provides an accessible and engaging introduction to various competing schools of thought in economics. This revised and extended edition will continue to open readers’ minds, leading them towards new and productive directions. Chapters study numerous schools of thought including Neoclassical, Marxist, Austrian, Post Keynesian, Institutionalist, New Institutionalist, Feminist and Ecological. Unique features and criticisms of each approach are highlighted through discussions of methodology, world views, popular themes, and current activities.
Download or read book A History of Economic Thought written by William J. Barber and published by Wesleyan University Press. This book was released on 2010-06-01 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the grand ideas in economics has a perpetual intellectual fascination in it’s own right. It can also have practical relevance, as the global economic downturn that began in 2007 reminds us. For several decades, the economics establishment had been dismissive of Keynesianism, arguing that the world had moved beyond the “depression economics” with which it dealt. Keynesian economics, however, has now staged a comeback as governments attempt to formulate policy responses to the Great Recession of the first decade of the twenty-first century. Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today—and we can always learn from their mistakes. In his stimulating analysis Professor Barber assesses the thought of a number of important economists both in terms of the issues of their day and in relation to modern economic thought. By concentrating on the greatest exponents he highlights the central properties of the four main schools of economic thought – classical, Marxian, neo-classical, and Keynesian – and shows that although each of these traditions is rooted in a different stage of economic development, they can all provide insights into the recurring problems of modern economics.
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.
