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A Brief History of Economic Thought

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The evolution of economic thought can be traced back from its beginnings in classical antiquity up to the present day. In this book, Professor Alessandro Roncaglia offers a clear, concise and updated version of his award-winning The Wealth of Ideas, studying the development of economic thought through perspectives and debates on the economy and society over time. With chapters on prominent economic theorists, including William Petty, Karl Marx, and John Maynard Keynes, as well as on other important figures and key debates of each period, Roncaglia critically evaluates the foundations of the marginalist–neoclassical (scarcity–utility) approach in comparison to the Classical–Keynes approach. A comprehensive guide to the history of economic thought, this book will be of value not only to undergraduate and postgraduate students studying economic thought, but also to any readers desiring to study how economics has evolved up to the present day.

. As a shortened and updated version of The Wealth of Ideas, it offers an accessible, clear and concise introduction to the history of economic thought, without complex mathematics, ideal for both the specialist and general reader

. Clarifies the basic differences between the various approaches to economics, making it ideal as an introduction to the field

. Provides an original contribution to the debates on the foundations of economics, allowing readers to develop their own opinions on various debates and perspectives

Author: Roncaglia Alessandro
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pages: 318
ISBN: 9781316627365
Cover: Paperback
Edition Number: 1
Release Year: 2017

1. Introduction: the history of economic thought and its role

2. The prehistory of political economy
3. William Petty and the origins of political economy
4. From body politic to economic tables
5. Adam Smith
6. Economic science at the time of the French Revolution
7. David Ricardo
8. The Ricardians and the decline of Ricardianism
9. Karl Marx
10. The Marginalist Revolution: the subjective theory of value
11. The Austrian school and its neighbourhood
12. General economic equilibrium
13. Alfred Marshall
14. John Maynard Keynes
15. Joseph Schumpeter
16. Piero Sraffa
17. The age of disgregation

Alessandro Roncaglia is Emeritus Professor of Economics at the Sapienza University of Rome, member of the Accademia Nazionale dei Lincei (since 2018 in its Presidency Council) and former President of the Italian Economists Society. His book The Wealth of Ideas (Cambridge, 2005) received the Blanqui Prize of the European Society for the History of Economic Thought. He also won the Guggenheim Prize in the History of Economic Thought for 2019.

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