Description
Book SynopsisDescribes the history of economic thought, focusing on the development of economic theory from Adam Smith's "Wealth of Nations" to the late twentieth century. This text examines how important economists have reflected on the sometimes conflicting goals of efficient resource use and socially acceptable income distribution.
Trade Review"Economics Evolving (excellent title) is an enjoyable and detailed presentation of the history of our profession. The focus is on the thoughts of individuals and, while schools of thought are broached, they are not central to the presentation. Historical background is presented and considered, but it is the development of economic thoughts that are at the heart of this analysis."--John J. Bethune, EH.Net "In non-technical language, he analyses how these great thinkers developed their theories, making for an essential guide to the great economic thinkers of the past 200-odd years."--Economist "Get a copy of Agnar Sandmo's book Economics Evolving."--Joseph E. Stiglitz @joestiglitz, Twitter "Taken as whole, this is one of those relatively rare books on economics that is both readable and thoughtful. It also fills a gap in the literature between primers written for non-economists and detailed (and sometimes arduous) histories of economic thought or its various subfields."--Cameron Gordon, Economic Record
Table of ContentsPreface vii Chapter 1: A Science and Its History 1 Chapter 2: Before Adam Smith 15 Chapter 3: Adam Smith 32 Chapter 4: The Classical School: Thomas Robert Malthusand David Ricardo 60 Chapter 5: Consolidation and Innovation: John Stuart Mill 89 Chapter 6: Karl Marx as an Economic Theorist 115 Chapter 7: The Forerunners of Marginalism 138 Chapter 8: The Marginalist Revolution I:William Stanley Jevons and Carl Menger 166 Chapter 9: The Marginalist Revolution II: Leon Walras 190 Chapter 10: Alfred Marshall and Partial Equilibrium Theory 213 Chapter 11: Equilibrium and Welfare: Edgeworth,Pareto, and Pigou 238 Chapter 12: Interest and Prices: Knut Wicksell and Irving Fisher 267 Chapter 13: New Perspectives on Markets and Competition 294 Chapter 14: The Great Systems Debate 318 Chapter 15: John Maynard Keynes and the Keynesian Revolution 339 Chapter 16: Frisch, Haavelmo, and the Birth of Econometrics 367 Chapter 17: The Modernization of EconomicTheory in the Postwar Period 391 Chapter 18: Further Developments in the Postwar Period 416 Chapter 19: Long-term Trends and New Perspectives 440 References 467 Index 485
