From the ancients to the moderns, questions of economic theory and
policy have been an important part of intellectual and public
debate, engaging the attention of some of history's greatest minds.
This book brings together readings from more than two thousand
years of writings on economic subjects. Through these selections,
the reader can see first-hand how the great minds of past grappled
with some of the central social and economic issues of their times
and, in the process, enhanced our understanding of how economic
systems function. This collection of readings covers the major
themes that have preoccupied economic thinkers throughout the ages,
including price determination and the underpinnings of the market
system, monetary theory and policy, international trade and
finance, income distribution, and the appropriate role for
government within the economic system. These ideas unfold, develop,
and change course over time at the hands of scholars such as
Aristotle, St. Thomas Aquinas, John Locke, Francois Quesnay, David
Hume, Adam Smith, Thomas Robert Malthus, David Ricardo, John Stuart
Mill, Karl Marx, William Stanley Jevons, Alfred Marshall, Irving
Fisher, Thorstein Veblen, John Maynard Keynes, Milton Friedman, and
Paul Samuelson. Each reading has been selected with a view to both
enlightening the reader as to the major contributions of the author
in question and to giving the reader a broad view of the
development of economic thought and analysis over time. This book
will be useful for students, scholars, and lay people with an
interest in the history of economic thought and the history of
ideas generally.
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