Robert Edward Mitchell

A Concise History of Economists' Assumptions about Markets (eBook, ePUB)

From Adam Smith to Joseph Schumpeter

• Format: ePub

Produktbeschreibung

This open-minded, multidisciplinary approach challenges existing world views on the endogenous and exogenous forces that drive markets and economies. Nine narrative chapters and a conclusion provide an accessible history of key premises and assumptions in the mental models proposed by several major economists since the 1776 publication of Adam Smith's The Wealth of Nations and show how-and why-those models and their underlying assumptions have changed over time. The book addresses the legacies of major economists, describes their historical and analytical influence, documents the interaction among various schools of thought as well as how they differ, and the implications that this history has for economics and the policy sciences in the decades ahead. The author focuses on the mental maps economists have created in an attempt to understand the forces that destroyed "order," explaining how these maps incorporate a non-mathematical presentation of evolving dictionaries, novel analytical perspectives, new evidence, and a reliance on value assumptions. He traces the underlying assumptions, continuities, and differences among major economists including Adam Smith, Thomas Malthus, David Ricardo, Alfred Marshall, John Maynard Keynes, Karl Marx, Thorstein Veblen, and Joseph Schumpeter. Readers will grasp how the classic theories still influence economists' mental models today and come away with a basic economic literacy that puts this important social science in historical context. This is essential reading for all the social and policy sciences.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 192
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 28. August 2014
• Englisch
• ISBN-13: 9798216064480
• Artikelnr.: 68339845

Autorenporträt

Robert Edward Mitchell, PhD, is a retired Foreign Service officer with the United States Agency for International Development with long-term assignments in Egypt, Yemen, and Guinea-Bissau.

Inhaltsangabe

Acknowledgments Introduction Part I: Mainstream Economics from Adam Smith
through Macroeconomics Chapter 1: Adam Smith at the Dawn of Modern
Economics Chapter 2: Thomas Malthus and David Ricardo: New Questions and
Analytical Advances Chapter 3: Alfred Marshall: Master Synthesizer,
Innovator, and a Founding Father of Scientific Economics Chapter 4: John
Maynard Keynes and the Rise of Macroeconomics Chapter 5: Where Money Fits
In: Money, Credit, and Finance Part II: Breaking Out of the Mainstream
Chapter 6: Karl Marx's Grand Theory of Political Economy Chapter 7:
Thorstein Veblen and Killing the Goose That Laid the Golden Egg Chapter 8:
Joseph Schumpeter and the Drivers of Markets and Economies Part III: The
End of the Beginning Chapter 9: Retrospect and Prospect Notes Index