Description
Book SynopsisA classic returns. The third edition of The Making of Economics appeared in 1987. Now, in a major revision, Ray Canterbery brings the book right up to date with new chapters on the 'casino economy' (a term the author invented to describe an economy driven by making money with money rather than focusing on real production, now overtaken by reality), Joseph Schumpeter, globalization, and general equilibrium. Canterbery retains the engaging flavor of the earlier editions by covering the times and ideas of the major economists, such as Smith, Ricardo, Malthus, Mill, and Marshall, while giving ample ink to the remarkable dissidents - Marx, Veblen, Galbraith, Heilbroner, and other 'radicals'. Canterbery again unmasks a traditional economics eschewing value judgements but itself standing on hidden ones even as he traces its origins to Isaac Newton's idea of an orderly universe. Personal references relate the great economists' ideas to the societies in which they lived, making the historical figures really come alive. Economics is displayed as a developing discipline, a discipline still evolving.This book is also available as a .
Table of ContentsThe Ethics of Adam Smith and for Economic Systems The Feudal Order The Slow Evolution of the Market Economy Isaac Newton and the Economics Paradigm Adam Smith and the Market Economy The Industrial Revolution: Caught Between Hedonism (Bentham) and the Clerical View (Malthus) David Ricardo Engages Malthus in a Memorable Debate John Stuart Mill: The Last of the Classicals Alfred Marshall and Victorian Virtue The "American Dream" and Other "Optimal Conditions" John Maynard Keynes and the Bloomsbury Group Confront the Aftermath of the Great War John Maynard Keynes Takes on the Great Depression The Founding of Political Economy
