A concise history of economic thought by Gianni Vaggi

By Gianni Vaggi

Gianni Vaggi and Peter Groenewegen current a quick historical past of monetary concept in elements dealing respectively with classical economics and sleek advancements. all of the 18 chapters appears on the contributions of a massive economist, from Thomas Mun within the early seventeenth century via to Keynes and Harrod and the rules of recent macroeconomics within the twentieth century. feedback are given for additional analyzing on each one economist featured.

Show description

Read or Download A concise history of economic thought PDF

Similar economic theory books

International Economics: Theory and Policy & MyEconLab Student Access Code Card (8th Edition) (The Addison-Wesley Series in Economics)

Overseas ECONOMICS: idea AND coverage & MYECONLAB pupil entry CODE CARD (8TH variation) (THE ADDISON-WESLEY sequence IN ECONOMICS)

Enterprise and Inclusion in Italy

In firm and Inclusion in Italy, Edmund Phelps weaves jointly and applies to Italy his valuable pursuits of the earlier decade -the significant of restoring initiative, firm and dynamism in an excellent many industrialized economies, such a lot acutely wanted within the jap eu economies amid the wreckage in their experiments with marketplace socialism and communism, and the vital of extending self-support and involvement within the enterprise quarter to the massive variety of marginalized staff, the place his concentration used to be at the excessive charges of dependency, idleness and crime between much less trained within the usa.

Arthur Cecil Pigou

The British economist Arthur Cecil Pigou (1877-59) reconceptualized economics as a thought of monetary welfare and a common sense of coverage research. Misconceptions of his paintings abound. This e-book, an essay in demystification and the 1st analyzing of the whole Pigouvian oeuvre, stresses his pragmatic and historicist premises.

Hayek’s Journey: The Mind of Friedrich Hayek

Whereas Alan Ebenstein's biography of Friedrich Hayek used to be the 1st biography of this significant 20th century philosopher, the publication itself was once no longer - in line with se - an highbrow biography. Hayek's trip would be the follow-up quantity that might provide readers an in-depth examine the evolution of his idea, the impact of the Austrian institution of Economics, the jobs of Wittgenstein, Freud and Kant in his pondering; his courting with Karl Popper, and so on.

Extra resources for A concise history of economic thought

Sample text

In many respects, these concepts provide a theory of wealth quite different from that of the mercantilists. Nevertheless, Petty never specifically rejected mercantilist policies. Petty’s method In Theories of Surplus Value, Karl Marx was the first major author to recognise Petty’s fundamental contributions to the formation of economic analysis. A modern commentator (Routh, 1975, p. 35) regards Petty as the father of several notions and branches of economic science; from the labour theory of value to econometrics, from division of labour to national 29 30 Seventeenth-century Pioneers accounting.

And yet these have generally no price at all. (Locke, 1691, p. 41) Water is absolutely necessary for life and it has a very high value in use because it satisfies one of the wants of human beings which are fundamental for their survival. But water is free; its price, or value in exchange, is zero. Locke spoke also of intrinsic and natural value. , p. 42). This is the use value of a thing, but it does not play any role in the determination of its market price. ) Locke therefore has a clear notion of relative price, the proportion in which two commodities exchange for one another.

The government budget will receive the tariffs and the duties on imported goods, particularly on foreign manufactures. Lower interest from increased money is also favourably regarded by the landlords, who often are heavily indebted and whose land values rise with a lowering of interest. The benefits accruing to the money lenders and, above all, to the workers are more dubious. The latter are badly paid, often at no more than subsistence wages, but this was seen as favourable to the expansion of British manufactures.

Download PDF sample

Rated 4.73 of 5 – based on 3 votes