A History of Economic Thought

A History of Economic Thought

Study of the grand ideas in economics has a perpetual intellectual fascination in itâ‚¬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 â‚¬Å“depression economicsâ‚¬Â 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 todayâ‚¬"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 â‚¬â€œ classical, Marxian, neo-classical, and Keynesian â‚¬â€œ 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.
Country USA
Brand Wesleyan University Press
Manufacturer Wesleyan University Press
Binding Paperback
ItemPartNumber 9780819569387
UnitCount 1
EANs 9780819569387
ReleaseDate 0000-00-00

Country	USA
Brand	Wesleyan University Press
Manufacturer	Wesleyan University Press
Binding	Paperback
ItemPartNumber	9780819569387
UnitCount	1
EANs	9780819569387
ReleaseDate	0000-00-00

A History of Economic Thought

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