A Brief History of Economic Thought

by Alessandro Roncaglia

Overview

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.

Product Details

ISBN-13:	9781107175334
Publisher:	Cambridge University Press
Publication date:	09/14/2017
Pages:	320
Product dimensions:	6.22(w) x 9.25(h) x 0.79(d)

About the Author

Alessandro Roncaglia is Professor of Economics at Sapienza Università di Roma, member of the Accademia Nazionale dei Lincei, editor of PSL Quarterly Review and Moneta e Credito, and was previously the President of the Società Italiana degli Economisti. His numerous publications, translated in various languages, include The Wealth of Ideas (Cambridge, 2005).

Table of Contents

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.

Editorial Reviews

Advance praise: 'In this very lucid and concise book, Roncaglia takes us from the beginning of economic thought in classical antiquity right through to the contemporary scene. The main ideas are both clearly explained and connected by a narrative thread. The book is recommended reading for anyone who wants to find out about the fascinating history of economics, and that should include all economists.' Donald Gillies, University College London

Advance praise: 'This brief history of economic thought succeeds in combining conciseness with scholarly, informed and clear presentation, tracing the evolution of multifarious concepts and the various hypotheses on which they are based. It masterfully guides the reader along the entire timespan of the subject, from its prehistory to recent and contemporary developments.' Maria Cristina Marcuzzo, Sapienza, Università di Roma

'HET [history of economic thought] brings to light multiple sources (and authorities) relating to various ideas which acts as a powerful antidote to the dominant monoculture in economics teaching and research.' Alex M. Thomas, Artha Vijnana

From the Publisher