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History of Economic Thought as an Intellectual Discipline (Hardcover)
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History of Economic Thought as an Intellectual Discipline (Hardcover)
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This book restates the importance of the study of the history of
ideas, in the context of the writings of economists. After an
initial statement, a case study involving five methodological
detours is considered. This is followed by an analysis of a flawed
attempt to remedy the manifest deficiencies of the static general
equilibrium model. A general overview of classical economics is
followed by an account of the world of Alfred Marshall who did so
much to bridge the gap between classical and neo-classical
economics. The work of two great historians of economics, Edwin
Cannan and J.R. McCulloch, is discussed, as well as that of Paul
Samuelson who while a leading theorist has defied the narrow
essentialism now fashionable, and remained a scholar. There are
also three chapters dealing with one of the most learned writers on
economics, Friedrich Hayek. Illustrated by discussions of
methodological and historical issues, the book will be essential
reading for economists, researchers and students of the history of
economic thought.
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