A comprehensive and highly accessible introduction to the major economic philosopheres of the last 225 years. Beginning with Adam Smith and continuing through the present day, this work examines the contributions made by each individual to the role of the economist, the science of economics, and economic theory.
Each chapter focuses on a particular economist. The author introduces, analyzes, and evaluates the economist's theorem(s) in four important ways: 1. how the theory altered contemporary perceptions or knowledge; 2. how the theory came to be viewed over time; 3. its influence on subsequent economists; and 4. how the theory is regarded today. Boxes of hitherto unknown (and sometimes amusing) facts about the featured economist enliven each chapter. Written by a noted economic and finance author, this book will appeal to a wide audience.
Table of Contents
||List of Figures, Illustrations, Photographs, and Tables
||It All Started with Adam
||The French Connection: Laissez Faire Avance!
||The Irreverent Malthus Challenges the New Model of Prosperity
||Tricky Ricardo Takes Economics Down a Dangerous Road
||Milling Around: John Stuart Mill and the Socialists Search for Utopia
||Marx Madness Plunges Economics into a New Dark Age
||Out of the Blue Danube: Menger and the Ausrians Reverse the Tide
||Marshalling the Troops: Scientific Economics Comes of Age
||Go West, Young Man: Americans Solve the Distribution Problem in Economics
||The Conspicuous Veblen Versus the Protesting Weber: Two Critics Debate the Meaning of Capitalism
||The Fisher King Tries to Catch the Missing Link in Macroeconomics
||The Missing Mises: Mises (and Wicksell) Make a Major Breakthrough
||The Keynes Mutiny: Capitalism Faces Its Greatest Challenge
||Paul Raises the Keynesian Cross: Samuelson and Modern Economics
||Milton's Paradise: Friedman Leads a Monetary Counterrevolution
||The Creative Destruction of Socialism: The Dark Vision of Joseph Schumpeter
||Dr. Smith Goes to Washington: The Triumph of Market Economics
||About the Author