Book Description
An upper-level text, History of Economic Thought continues to offer a lively, accessible discussion of ideas that have shaped modern economics. The Fourth Edition has been thoroughly revised to reflect new scholarship and research, as well as a more pointed focus on modern economic thought. The text remains a highly understandable and opinionated—but fair—presentation of the history of economic thought.
- The authors have reduced coverage of neoclassical economics—including long discussions of the labor theory of value—and added discussions of classical views of growth and dynamics.
- The Marshall chapter now appears before the Walras chapter to demonstrate the continuity between the development of partial equilibrium and neoclassical microeconomic thought from 1870 to 1890.
