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A Concise History of Economists' Assumptions about Markets: From Adam Smith to Joseph Schumpeter

Autor Robert Edward Mitchell
en Limba Engleză Hardback – 27 aug 2014 – vârsta până la 17 ani
This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies.Nine narrative chapters and a conclusion provide an accessible history of key premises and assumptions in the mental models proposed by several major economists since the 1776 publication of Adam Smith's The Wealth of Nations and show how-and why-those models and their underlying assumptions have changed over time. The book addresses the legacies of major economists, describes their historical and analytical influence, documents the interaction among various schools of thought as well as how they differ, and the implications that this history has for economics and the policy sciences in the decades ahead.The author focuses on the mental maps economists have created in an attempt to understand the forces that destroyed "order," explaining how these maps incorporate a non-mathematical presentation of evolving dictionaries, novel analytical perspectives, new evidence, and a reliance on value assumptions. He traces the underlying assumptions, continuities, and differences among major economists including Adam Smith, Thomas Malthus, David Ricardo, Alfred Marshall, John Maynard Keynes, Karl Marx, Thorstein Veblen, and Joseph Schumpeter. Readers will grasp how the classic theories still influence economists' mental models today and come away with a basic economic literacy that puts this important social science in historical context. This is essential reading for all the social and policy sciences.
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Specificații

ISBN-13: 9781440833090
ISBN-10: 1440833095
Pagini: 192
Dimensiuni: 156 x 235 x 18 mm
Greutate: 0.45 kg
Editura: Bloomsbury Publishing
Colecția Praeger
Locul publicării:New York, United States

Caracteristici

Explores how economists described the forces that drive markets and economies, explains why these descriptions have changed over time, and identifies the impacts that historical events and the growth of the economics profession have had on these descriptions

Notă biografică

Robert Edward Mitchell, PhD, is a retired Foreign Service officer with the United States Agency for International Development with long-term assignments in Egypt, Yemen, and Guinea-Bissau.

Cuprins

AcknowledgmentsIntroductionPart I: Mainstream Economics from Adam Smith through MacroeconomicsChapter 1: Adam Smith at the Dawn of Modern EconomicsChapter 2: Thomas Malthus and David Ricardo: New Questions and Analytical AdvancesChapter 3: Alfred Marshall: Master Synthesizer, Innovator, and a Founding Father of Scientific EconomicsChapter 4: John Maynard Keynes and the Rise of MacroeconomicsChapter 5: Where Money Fits In: Money, Credit, and FinancePart II: Breaking Out of the MainstreamChapter 6: Karl Marx's Grand Theory of Political EconomyChapter 7: Thorstein Veblen and Killing the Goose That Laid the Golden EggChapter 8: Joseph Schumpeter and the Drivers of Markets and EconomiesPart III: The End of the BeginningChapter 9: Retrospect and ProspectNotesIndex