A Concise History of Economic Thought: From Mercantilism to Monetarism

Front Matter....Pages i-xviii
Front Matter....Pages 1-1
Introduction: from Mercantilism to Marx....Pages 3-11
Thomas Mun, 1571–1641: from Bullion to Foreign Trade....Pages 13-22
Dudley North, 1641–91 and John Locke, 1632–1704: Early Critical Reactions to Mercantilism....Pages 23-28
Sir William Petty, 1623–87: Division of Labour and Surplus....Pages 29-36
Pierre le Pesant Sieur de Boisguilbert, 1646–1714: France at the turn of the century....Pages 37-45
Richard Cantillon, 1697–1734: the Entrepreneur in Agriculture and Trade....Pages 46-53
François Quesnay, 1694–1774: Reproduction and Capital....Pages 55-70
David Hume, 1711–76 and the Scottish Enlightenment....Pages 71-81
Ferdinando Galiani, 1728–87 and Sir James Steuart, 1713–80: Real Value and Corn Trade....Pages 82-91
Anne Robert Jacques Turgot, 1727–81: Investments and Returns....Pages 92-99
Adam Smith 1723–90: National Wealth and the Productivity of Labour....Pages 101-116
Jean-Baptiste Say, 1767–1832 and Jean-Charles Simonde de Sismondi, 1773–1842: Value, Revenues and Crises....Pages 117-125
Thomas Robert Malthus, 1766–1834: Population and Effectual Demand....Pages 127-136
David Ricardo, 1772–1823: the Rate of Profit....Pages 137-148
Torrens, Senior and the Aftermath of Ricardo....Pages 149-158
Karl Marx, 1818–83: the Critique of Political Economy....Pages 159-175
Front Matter....Pages 177-177
Introduction: the Coming of Marginalism and Macro-economics....Pages 179-188
John Stuart Mill, 1806–73: a Figure of Transition....Pages 189-202
William Stanley Jevons, 1835–82: Utilitarianism and Economics....Pages 203-210
Carl Menger, 1840–1921: the Importance of Marginal Utility and the Economics of Scarcity....Pages 211-216
Front Matter....Pages 177-177
Léon Walras, 1834–1910: the Notion of General Equilibrium....Pages 217-226
Alfred Marshall, 1842–1924: Partial Equilibrium and Useful Economics....Pages 227-234
J.B. Clark and P.H. Wicksteed: the Development of Marginal Productivity Theory....Pages 235-243
Von Wieser and Böhm-Bawerk: Austrian Versions of Capital and Distribution Theory....Pages 244-251
Knut Wicksell, 1851–1926: Interest and Prices....Pages 253-259
Irving Fisher, 1867–1947: Appreciation and Interest....Pages 260-264
Joseph Alois Schumpeter, 1883–1950: Economic Development....Pages 265-270
Pigou, Clapham and Sraffa: Wealth, Welfare and Cost Controversies....Pages 271-282
Joan Robinson, 1903–83 and Edward Chamberlin, 1899–1967: Theory of the Firm....Pages 283-287
Vilfredo Pareto, 1848–1923 and Lionel Robbins, 1898–1984: Critique and Decline of Utility theory....Pages 288-294
John Maynard Keynes, 1883–1946: a New General Theory of Employment, Interest and Money....Pages 295-307
Michal Kalecki, 1898–1970: a New Macro-economics....Pages 308-313
R.F. Harrod, 1900–78 and E.D. Domar, 1914–99: Cycles and Growth....Pages 314-318
Milton Friedman (1912–): Monetarism and its Critics....Pages 319-324
Epilogue....Pages 325-326
Back Matter....Pages 327-339