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The Wealth of Ideas - A History of Economic Thought (Paperback, New ed)
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The Wealth of Ideas - A History of Economic Thought (Paperback, New ed)
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The Wealth of Ideas, first published in 2005, traces the history of
economic thought, from its prehistory (the Bible, Classical
antiquity) to the present day. In this eloquently written,
scientifically rigorous and well documented book, chapters on
William Petty, Adam Smith, David Ricardo, Karl Marx, William
Stanley Jevons, Carl Menger, Leon Walras, Alfred Marshall, John
Maynard Keynes, Joseph Schumpeter and Piero Sraffa alternate with
chapters on other important figures and on debates of the period.
Economic thought is seen as developing between two opposite poles:
a subjective one, based on the ideas of scarcity and utility, and
an objective one based on the notions of physical costs and
surplus. Professor Roncaglia focuses on the different views of the
economy and society and on their evolution over time and critically
evaluates the foundations of the scarcity-utility approach in
comparison with the Classical/Keynesian approach.
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