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ECONOMIC THOUGHT: A Brief History

Heinz D. Kurz

ECONOMIC THOUGHT: A Brief History A Brief History

Heinz D. Kurz

795

ISBN 9788131609217
Publication Year 2018
Pages 220 pages
Binding Hardback
Sale Territory South Asia

About the Book

In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of more recent scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz shows how dynamic individuals give old ideas new life and how historical events provoke different approaches and theories.


Contents

INTRODUCTION
1. EARLY ECONOMIC THOUGHT
2. CLASSICAL ECONOMICS
3. MARX AND THE SOCIALISTS 
4. THE RISE OF MARGINALISM 
5. MARSHALL AND THE THEORY OF PARTIAL EQUILIBRIUM 
6. UTILITARIANISM, WELFARE THEORY, AND SYSTEMS DEBATE
7. IMPERFECT COMPETITION
8. SCHUMPETER AND THE PRINCIPLE OF CREATIVE DESTRUCTION
9. KEYNES AND THE PRINCIPLE OF EFFECTIVE DEMAND
10. REACTIONS TO KEYNES
11. GENERAL EQUILIBRIUM THEORY AND WELFARE THEORY
12. DEVELOPMENTS IN SELECTED FIELDS A FINAL WORD


About the Author / Editor

Heinz D. Kurz is professor of economics at the University of Graz in Austria and founder of the Graz Schumpeter Centre. His books in English include Theory of Production: A Long-Period Analysis (1995) and Understanding “Classical” Economics: Studies in Long Period Theory (1998).